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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Tuesday, August 18th. Investors of record on Friday, September 11th will be paid a dividend of 0.0726 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Friday, September 11th.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC opened at $9.22 on Wednesday. The stock’s 50 day moving average price is $9.12 and its two-hundred day moving average price is $9.15. Allspring Multi-Sector Income Fund has a 52-week low of $8.72 and a 52-week high of $9.77.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Allspring Multi-Sector Income Fund by 9.5% during the first quarter. Royal Bank of Canada now owns 555,704 shares of the company’s stock valued at $5,124,000 after purchasing an additional 47,988 shares during the last quarter. Invesco Ltd. lifted its position in shares of Allspring Multi-Sector Income Fund by 3.8% in the 2nd quarter. Invesco Ltd. now owns 522,545 shares of the company’s stock worth $4,938,000 after buying an additional 19,340 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Allspring Multi-Sector Income Fund by 10.2% in the 2nd quarter. Raymond James Financial Inc. now owns 803,542 shares of the company’s stock valued at $7,593,000 after buying an additional 74,593 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Allspring Multi-Sector Income Fund by 10.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 193,427 shares of the company’s stock valued at $1,828,000 after buying an additional 18,805 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Allspring Multi-Sector Income Fund by 8.0% during the 2nd quarter. Osaic Holdings Inc. now owns 75,808 shares of the company’s stock valued at $716,000 after buying an additional 5,604 shares during the last quarter.

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.