Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Rating) declared a monthly dividend on Friday, May 27th, Wall Street Journal reports. Shareholders of record on Monday, June 13th will be given a dividend of 0.0926 per share on Friday, July 1st. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date is Friday, June 10th.
Allspring Multi-Sector Income Fund has decreased its dividend payment by an average of 4.0% per year over the last three years.
Shares of Allspring Multi-Sector Income Fund stock traded up $0.29 during trading on Friday, hitting $9.88. 90,828 shares of the company’s stock were exchanged, compared to its average volume of 129,683. Allspring Multi-Sector Income Fund has a 52-week low of $9.05 and a 52-week high of $14.07.
About Allspring Multi-Sector Income Fund (Get Rating)
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.
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