Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) to Issue $0.07 Monthly Dividend

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Friday, June 28th, NASDAQ reports. Stockholders of record on Thursday, July 11th will be paid a dividend of 0.0659 per share on Thursday, August 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date is Thursday, July 11th.

Allspring Multi-Sector Income Fund has raised its dividend payment by an average of 8.2% per year over the last three years.

Allspring Multi-Sector Income Fund Trading Up 0.4 %

Shares of ERC opened at $9.10 on Wednesday. Allspring Multi-Sector Income Fund has a 12-month low of $8.51 and a 12-month high of $9.74.

About Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.