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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a — dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.0727 per share on Tuesday, April 1st. This represents a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, March 13th.

Allspring Multi-Sector Income Fund has decreased its dividend by an average of 0.2% annually over the last three years.

Allspring Multi-Sector Income Fund Stock Up 0.1 %

ERC traded up $0.01 during trading on Wednesday, reaching $9.25. 68,809 shares of the company traded hands, compared to its average volume of 109,895. Allspring Multi-Sector Income Fund has a 12-month low of $8.77 and a 12-month high of $9.58.

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.