Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Declares Monthly Dividend of $0.08

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Friday, January 30th. Investors of record on Thursday, February 12th will be paid a dividend of 0.0848 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Thursday, February 12th. This is a 0.5% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund Stock Performance

Shares of ERH stock remained flat at $11.84 during trading hours on Friday. The stock had a trading volume of 20,398 shares, compared to its average volume of 24,810. The firm has a 50-day moving average price of $11.89 and a two-hundred day moving average price of $12.14. Allspring Utilities and High Income Fund has a 1-year low of $9.98 and a 1-year 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.