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, April 24th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.0864 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Monday, May 11th. This is a 0.9% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Trading Up 0.2%

Shares of NYSEAMERICAN:ERH traded up $0.02 during midday trading on Friday, hitting $12.30. The company had a trading volume of 25,706 shares, compared to its average volume of 26,150. Allspring Utilities and High Income Fund has a 12-month low of $10.56 and a 12-month high of $13.07. The company has a fifty day moving average of $12.34 and a two-hundred day moving average of $12.25.

Institutional Trading of Allspring Utilities and High Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of ERH. Raymond James Financial Inc. bought a new position in shares of Allspring Utilities and High Income Fund in the second quarter worth about $25,000. CX Institutional bought a new position in shares of Allspring Utilities and High Income Fund during the 3rd quarter valued at approximately $27,000. Integrated Wealth Concepts LLC increased its holdings in Allspring Utilities and High Income Fund by 12.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock worth $143,000 after acquiring an additional 1,272 shares in the last quarter. LPL Financial LLC raised its stake in Allspring Utilities and High Income Fund by 51.9% during the 4th quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock worth $308,000 after acquiring an additional 8,894 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Allspring Utilities and High Income Fund during the 4th quarter worth approximately $469,000.

About Allspring Utilities and High Income Fund

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.