Allspring Multi-Sector Income Fund Declares — Dividend of $0.07 (NYSEAMERICAN:ERC)

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 is Thursday, March 13th.

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

Allspring Multi-Sector Income Fund Price Performance

Shares of ERC traded up $0.01 during trading hours on Wednesday, hitting $9.25. 68,809 shares of the company were exchanged, compared to its average volume of 109,895. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.77 and a fifty-two week high of $9.58.

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.