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. Investors of record on Thursday, March 12th will be paid a dividend of 0.0725 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a 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 traded down $0.02 during mid-day trading on Wednesday, hitting $9.36. The stock had a trading volume of 54,539 shares, compared to its average volume of 105,430. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.44 and a fifty-two week high of $9.77. The company’s fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $9.44.

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.