Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) to Issue Monthly Dividend of $0.09

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Friday, March 27th. Stockholders of record on Friday, April 10th will be given a dividend of 0.0856 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, April 10th. This is a 0.6% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Price Performance

Shares of NYSEAMERICAN:ERH traded up $0.02 during trading on Friday, reaching $11.81. 8,358 shares of the company’s stock traded hands, compared to its average volume of 27,620. Allspring Utilities and High Income Fund has a fifty-two week low of $9.98 and a fifty-two week high of $13.07. The company has a 50-day simple moving average of $12.15 and a 200-day simple moving average of $12.23.

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.