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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be given a dividend of 0.0725 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 9.6%. 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 opened at $9.07 on Tuesday. The company’s fifty day moving average price is $9.37 and its 200-day moving average price is $9.43. Allspring Multi-Sector Income Fund has a 1-year low of $8.44 and a 1-year 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.