Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Announces Dividend Increase – $0.07 Per Share

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Wednesday, November 12th. Shareholders of record on Thursday, December 11th will be paid a dividend of 0.0722 per share on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Thursday, December 11th. This is a 0.0% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Price Performance

ERC stock opened at $9.52 on Thursday. Allspring Multi-Sector Income Fund has a one year low of $8.44 and a one year high of $9.77. The company’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $9.41.

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.