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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Friday, July 31st. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.0878 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, August 13th. This is a 0.2% 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%

Shares of NYSEAMERICAN ERH traded up $0.06 during midday trading on Friday, hitting $11.84. The company’s stock had a trading volume of 15,805 shares, compared to its average volume of 25,693. The business’s fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $12.10. Allspring Utilities and High Income Fund has a 1 year low of $11.50 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.