Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) to Issue Monthly Dividend of $0.07

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Friday, January 30th. Investors of record on Thursday, February 12th will be paid a dividend of 0.0724 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, February 12th. This is a 0.1% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Price Performance

ERC stock remained flat at $9.44 during mid-day trading on Friday. The company’s stock had a trading volume of 90,438 shares, compared to its average volume of 104,874. Allspring Multi-Sector Income Fund has a 1-year low of $8.44 and a 1-year high of $9.77. The company has a 50-day moving average price of $9.36 and a two-hundred day moving average price of $9.43.

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.