Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Plans Dividend Increase – $0.08 Per Share

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) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date 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

Allspring Utilities and High Income Fund stock remained flat at $11.84 during midday trading on Friday. 20,398 shares of the company traded hands, compared to its average volume of 24,810. Allspring Utilities and High Income Fund has a one year low of $9.98 and a one year high of $13.07. The stock has a 50-day moving average of $11.89 and a two-hundred day moving average of $12.14.

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.