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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, March 29th, Wall Street Journal reports. Investors of record on Friday, April 12th will be given 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 boost 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 raised its dividend annually for the last 1 consecutive years.

Allspring Multi-Sector Income Fund Price Performance

Shares of Allspring Multi-Sector Income Fund stock traded down $0.02 during mid-day trading on Friday, reaching $9.33. 150,493 shares of the stock traded hands, compared to its average volume of 66,364. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.51 and a fifty-two week high of $9.74.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. McIlrath & Eck LLC acquired a new stake in shares of Allspring Multi-Sector Income Fund in the fourth quarter valued at approximately $30,000. Boothbay Fund Management LLC purchased a new position in Allspring Multi-Sector Income Fund in the second quarter worth approximately $102,000. Kingsview Wealth Management LLC grew its position in Allspring Multi-Sector Income Fund by 9.0% in the third quarter. Kingsview Wealth Management LLC now owns 15,150 shares of the company’s stock worth $131,000 after acquiring an additional 1,250 shares during the period. Cetera Investment Advisers purchased a new position in Allspring Multi-Sector Income Fund in the fourth quarter worth approximately $136,000. Finally, Commonwealth Equity Services LLC grew its position in Allspring Multi-Sector Income Fund by 8.5% in the third quarter. Commonwealth Equity Services LLC now owns 18,933 shares of the company’s stock worth $163,000 after acquiring an additional 1,485 shares during the period.

About Allspring Multi-Sector Income Fund

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.