Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fundverified

ERC

Price:

$9.355

Market Cap:

$262.56M

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. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-06-25

Stock Exchange

NYSE

Ticker

ERC

The Dividend Yield as of September 2024 (TTM) for Allspring Multi-Sector Income Fund (ERC) is 8.39%

According to Allspring Multi-Sector Income Fund’s latest financial reports and current stock price. The company's current Dividend Yield is 8.39%. This represents a change of 115.09% compared to the average of 3.90% of the last 4 quarters.

Allspring Multi-Sector Income Fund (ERC) Historical Dividend Yield (quarterly & annually)

How has ERC Dividend Yield performed in the past?

The mean historical Dividend Yield of Allspring Multi-Sector Income Fund over the last ten years is 9.97%. The current 8.39% Dividend Yield has changed -15.84% with respect to the historical average. Over the past ten years (40 quarters), ERC's Dividend Yield was at its highest in in the April 2020 quarter at 6.03%. The Dividend Yield was at its lowest in in the April 2014 quarter at 0%.

Quarterly (TTM)
Annual

Average

9.97%

Median

9.55%

Minimum

8.29%

Maximum

12.29%

Allspring Multi-Sector Income Fund (ERC) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Allspring Multi-Sector Income Fund Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 48.22%

Maximum Annual Dividend Yield = 12.29%

Minimum Annual Increase = -27.52%

Minimum Annual Dividend Yield = 8.29%

Quarterly (TTM)
Annual
YearDividend YieldChange
20239.40%-23.52%
202212.29%48.22%
20218.29%-27.52%
202011.44%18.04%
20199.69%-17.90%
201811.80%25.36%
20179.41%2.21%
20169.21%-5.57%
20159.75%15.33%
20148.46%1.39%

Allspring Multi-Sector Income Fund (ERC) Average Dividend Yield

How has ERC Dividend Yield performed in the past?

The current Dividend Yield of Allspring Multi-Sector Income Fund (ERC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

9.99%

5-year avg

10.22%

10-year avg

9.97%

Allspring Multi-Sector Income Fund (ERC) Dividend Yield vs. Peers

How is ERC’s Dividend Yield compared to its peers?

Allspring Multi-Sector Income Fund’s Dividend Yield is less than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (9.16%), less than BNY Mellon High Yield Strategies Fund (7.79%), less than Pioneer High Income Fund, Inc. (8.32%), less than Allspring Utilities and High Income Fund (6.97%), less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (8.69%), less than First Trust/Abrdn Global Opportunity Income Fund (11.00%), less than Virtus Convertible & Income Fund II (11.90%), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (9.33%), less than First Trust Senior Floating Rate Income Fund II (11.18%), less than Apollo Senior Floating Rate Fund Inc. (12.54%), less than Blackstone / GSO Long-Short Credit Income Fund (9.78%), less than Calamos Long/Short Equity & Dynamic Income Term Trust (10.92%), less than Eaton Vance Senior Floating-Rate Trust (11.21%),

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