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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Friday, June 26th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.0876 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date is Friday, July 10th. This is a 0.4% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Trading Up 0.3%

ERH traded up $0.04 during mid-day trading on Friday, hitting $12.09. The stock had a trading volume of 9,574 shares, compared to its average volume of 25,276. The stock’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $12.05. Allspring Utilities and High Income Fund has a 1-year low of $11.38 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.