Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Increases Dividend to $0.08 Per Share

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Friday, December 26th. Investors of record on Monday, January 12th will be paid a dividend of 0.0843 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Monday, January 12th. This is a 0.6% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund Stock Performance

NYSEAMERICAN ERH traded up $0.01 on Friday, hitting $11.78. 5,669 shares of the stock were exchanged, compared to its average volume of 24,102. The business’s fifty day moving average is $12.36 and its 200 day moving average is $12.08. Allspring Utilities and High Income Fund has a 52 week low of $9.98 and a 52 week high of $13.07.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-end management investment company listed on the NYSE American under the ticker ERH. Managed by Allspring Global Investments, the fund seeks to provide a high level of current income, with a secondary focus on capital appreciation. It primarily invests in the securities of companies operating in the utilities and energy sectors.

The portfolio is broadly diversified across regulated electric, gas and water utilities as well as non-regulated energy-related firms.