Allspring Multi-Sector Income Fund (ERC) to Distribute Monthly Dividend of $0.07 on December 1st

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, October 30th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.0723 per share on Tuesday, December 1st. This represents a $0.87 annualized dividend and a yield of 10.0%. The ex-dividend date is Thursday, November 12th. This is a 0.3% decrease from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.0725.

Allspring Multi-Sector Income Fund Price Performance

Shares of NYSEAMERICAN:ERC opened at $8.68 on Tuesday. Allspring Multi-Sector Income Fund has a 52 week low of $8.36 and a 52 week high of $9.58. The company’s 50 day moving average is $8.69 and its two-hundred day moving average is $9.05.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end investment fund managed by Allspring Global Investments. The fund seeks to provide investors with a high level of current income and, secondarily, long-term capital appreciation by investing across multiple fixed-income sectors.

The fund may invest in a diversified portfolio of corporate bonds, high-yield securities, bank loans, mortgage- and asset-backed securities, government and agency obligations, and other domestic and international debt instruments.