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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.0725 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Thursday, March 12th. This is a 0.2% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Price Performance

Shares of ERC stock traded down $0.02 on Wednesday, reaching $9.36. 55,393 shares of the company’s stock were exchanged, compared to its average volume of 105,430. The company’s fifty day simple moving average is $9.38 and its 200 day simple moving average is $9.44. Allspring Multi-Sector Income Fund has a 52 week low of $8.44 and a 52 week high of $9.77.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end management investment company that seeks to provide high current income and total return by investing in a diversified portfolio of fixed-income securities. The fund trades on the NYSE American exchange and employs an active, research-driven approach to credit selection across multiple sectors of the debt market.

The fund’s investment strategy spans a broad array of fixed-income instruments, including corporate bonds, bank loans, securitized products such as mortgage- and asset-backed securities, and sovereign debt.