Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Increases Dividend to $0.09 Per Share

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Tuesday, May 19th. Investors of record on Thursday, June 11th will be given a dividend of 0.0873 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Thursday, June 11th. This is a 1.0% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Trading Up 0.5%

Allspring Utilities and High Income Fund stock opened at $11.63 on Wednesday. Allspring Utilities and High Income Fund has a one year low of $10.91 and a one year high of $13.07. The stock has a fifty day moving average of $12.24 and a 200 day moving average of $12.19.

Institutional Trading of Allspring Utilities and High Income Fund

Hedge funds have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its holdings in Allspring Utilities and High Income Fund by 1.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,178 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Allspring Utilities and High Income Fund by 12.4% during the third quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock valued at $143,000 after purchasing an additional 1,272 shares during the period. Raymond James Financial Inc. bought a new stake in Allspring Utilities and High Income Fund during the second quarter valued at about $25,000. LPL Financial LLC grew its holdings in Allspring Utilities and High Income Fund by 51.9% during the fourth quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after purchasing an additional 8,894 shares during the period. Finally, Ascentis Independent Advisors bought a new stake in Allspring Utilities and High Income Fund during the first quarter valued at about $118,000.

About Allspring Utilities and High Income Fund

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.