Allspring Multi-Sector Income Fund
ERCFinancial Services · Stock · monthly payer
$9.00
Add to PortfolioForward Yield
9.70%
Annual Dividend
$0.87
Payout Ratio
90%
5-Yr Growth
-5.7%
Ex-Date
Jun 11, 2026
Frequency
Monthly
ERC Dividend Safety Score
57/ 100
Grade C
Borderline
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage90% of earnings paid out
Balance-sheet strengthDebt/equity of 0.42
Yield vs its historyYield in line with its history
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
Is ERC a good dividend stock?
MixedAllspring Multi-Sector Income Fund (ERC) pays a monthly dividend yielding 9.70% ($0.87/yr), with 2 years 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 (90%)
- 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
- 9.70%
- Payout Ratio
- 90%
- Annual Dividend
- $0.87
- 5-Yr Avg Growth
- -5.7%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.55
- Market Cap
- $252.5M
- P/E Ratio
- 9.4
- 5-Yr Total Return
- -30%
- 52-Week Range
- $8.72 – $9.78
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 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 |
| May 12, 2025 | — | $0.0720 | regular |
| Apr 11, 2025 | — | $0.0730 | regular |
Income Calculator
At $0.87 / yr per share
Per payment (monthly)$7.25
Annual$87.00
Monthly avg$7.25
