Allspring Multi-Sector Income Fund (ERC) To Go Ex-Dividend on April 11th

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERCGet Free Report) declared a monthly dividend on Thursday, March 28th, Wall Street Journal reports. Shareholders of record on Friday, April 12th will be paid a dividend of 0.0654 per share on Wednesday, May 1st. This represents a $0.79 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund has decreased its dividend by an average of 11.6% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Allspring Multi-Sector Income Fund Price Performance

Shares of NYSEAMERICAN:ERC opened at $9.33 on Friday. Allspring Multi-Sector Income Fund has a twelve month low of $8.51 and a twelve month high of $9.74.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of ERC. Rivernorth Capital Management LLC purchased a new stake in shares of Allspring Multi-Sector Income Fund in the first quarter worth about $2,668,000. Royal Bank of Canada raised its stake in Allspring Multi-Sector Income Fund by 54.8% in the second quarter. Royal Bank of Canada now owns 339,990 shares of the company’s stock valued at $3,149,000 after purchasing an additional 120,409 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Allspring Multi-Sector Income Fund by 451.4% in the fourth quarter. Advisors Asset Management Inc. now owns 130,759 shares of the company’s stock valued at $1,281,000 after purchasing an additional 107,047 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new stake in Allspring Multi-Sector Income Fund in the first quarter valued at approximately $701,000. Finally, Ameriprise Financial Inc. raised its stake in Allspring Multi-Sector Income Fund by 22.0% in the first quarter. Ameriprise Financial Inc. now owns 249,708 shares of the company’s stock valued at $2,260,000 after purchasing an additional 45,078 shares in the last quarter.

About Allspring Multi-Sector Income Fund

(Get Free Report)

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.

See Also

Dividend History for Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC)

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