Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Free Report) 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 annualized dividend and a dividend yield of 9.32%. The ex-dividend date is Thursday, February 13th.
Allspring Multi-Sector Income Fund has decreased its dividend payment by an average of 0.2% annually over the last three years.
Allspring Multi-Sector Income Fund Price Performance
Shares of NYSEAMERICAN:ERC opened at $9.38 on Wednesday. Allspring Multi-Sector Income Fund has a 12 month low of $8.77 and a 12 month high of $9.60.
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.
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