Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Free Report) announced a monthly dividend on Friday, September 25th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.0876 per share on Monday, November 2nd. This represents a $1.05 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Tuesday, October 13th. This is a 0.4% decrease from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.0879.
Allspring Utilities and High Income Fund Trading Down 1.0%
ERH stock traded down $0.10 during midday trading on Friday, reaching $10.24. 16,437 shares of the company’s stock traded hands, compared to its average volume of 25,989. The company has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $11.88. Allspring Utilities and High Income Fund has a 52 week low of $10.24 and a 52 week high of $13.07.
Institutional Trading of Allspring Utilities and High Income Fund
An institutional investor recently bought a new stake in Allspring Utilities and High Income Fund stock. Ascentis Independent Advisors bought a new position in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,755 shares of the company’s stock, valued at approximately $118,000.
About Allspring Utilities and High Income Fund
Allspring Utilities and High Income Fund is a closed-end investment company listed on the NYSE American under the symbol ERH. The fund seeks to provide a high level of current income while also pursuing capital appreciation by investing in a combination of utility-related securities and higher-income investments.
The fund’s portfolio may include equity and debt securities issued by companies in the utilities sector, as well as below-investment-grade, or high-yield, bonds and other income-producing securities.
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