Allspring Multi-Sector Income Fund (ERC) to Issue Monthly Dividend of $0.07 on January 2nd

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Thursday, December 12th will be paid 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 an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

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 Down 0.3 %

Shares of NYSEAMERICAN:ERC opened at $8.94 on Friday. Allspring Multi-Sector Income Fund has a 52 week low of $8.77 and a 52 week 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.