Allspring Multi-Sector Income Fund
ERCFinancial Services · Stock · monthly payer
Forward Yield
9.56%
Annual Dividend
$0.87
Payout Ratio
91%
5-Yr Growth
-5.5%
Ex-Date
Jul 10, 2026
Frequency
Monthly
Summary
As of July 2026, Allspring Multi-Sector Income Fund (ERC) yields 9.56% ($0.87 per share annually), with a blended fair-value estimate of $10.74 — +17% upside, so it screens as undervalued. Dividend safety grade: C (57/100). 1 years of dividend growth.
Is ERC a good dividend stock?
MixedAllspring Multi-Sector Income Fund (ERC) pays a monthly dividend yielding 9.56% ($0.87/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (91%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.56%
- Payout Ratio
- 91%
- Annual Dividend
- $0.87
- 5-Yr Avg Growth
- -5.5%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.54
- Market Cap
- $256.4M
- P/E Ratio
- 9.6
- 5-Yr Total Return
- -31%
- 52-Week Range
- $8.72 – $9.78
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
ERC Price — Last 12 Months
Daily close
Price Return
1 Year
-4%
3 Years
-4%
5 Years
-31%
52-Week Range
$8.72 – $9.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ERC worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Allspring Multi-Sector Income Fund is $10.74 per share, versus a market price of $9.14. That implies 17% of upside — a margin of safety of about 15%.
Fair Value
$10.74
Current Price
$9.14
Upside
+17%
Margin of Safety
15%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -4.8% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.95 EPS, $0.87 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ERC Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.0730 | regular |
| Jun 11, 2026 | — | $0.0730 | regular |
| May 11, 2026 | — | $0.0730 | regular |
| Apr 10, 2026 | — | $0.0730 | regular |
| Mar 12, 2026 | — | $0.0730 | regular |
| Feb 12, 2026 | — | $0.0720 | regular |
| Jan 12, 2026 | — | $0.0720 | regular |
| Dec 11, 2025 | — | $0.0720 | regular |
| Nov 13, 2025 | — | $0.0720 | regular |
| Oct 14, 2025 | — | $0.0720 | regular |
| Sep 12, 2025 | — | $0.0720 | regular |
| Aug 11, 2025 | — | $0.0720 | regular |
| Jul 11, 2025 | — | $0.0720 | regular |
| Jun 12, 2025 | — | $0.0720 | regular |
Income Calculator
At $0.87 / yr per share
