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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Tuesday, August 18th. Investors of record on Friday, September 11th will be given a dividend of 0.0879 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Friday, September 11th. This is a 0.1% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Stock Performance

NYSEAMERICAN ERH opened at $11.63 on Wednesday. Allspring Utilities and High Income Fund has a fifty-two week low of $11.50 and a fifty-two week high of $13.07. The stock’s 50-day moving average is $11.90 and its two-hundred day moving average is $12.10.

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.