Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Announces Dividend Increase – $0.07 Per Share

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.0728 per share on Thursday, January 2nd. This represents a $0.87 annualized dividend and a yield of 9.77%. The ex-dividend date is Thursday, December 12th. This is a boost from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

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

Allspring Multi-Sector Income Fund Price Performance

Shares of ERC stock traded down $0.03 during mid-day trading on Thursday, hitting $8.94. The company had a trading volume of 211,341 shares, compared to its average volume of 86,076. Allspring Multi-Sector Income Fund has a 52-week low of $8.77 and a 52-week high of $9.60.

Allspring Multi-Sector Income Fund Company Profile

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.