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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.0728 per share on Monday, March 3rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date is Thursday, February 13th.

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

Allspring Multi-Sector Income Fund Trading Up 0.2 %

NYSEAMERICAN ERC traded up $0.02 during trading hours on Monday, reaching $9.31. The company’s stock had a trading volume of 191,089 shares, compared to its average volume of 105,775. 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.