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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Friday, June 26th. Investors of record on Friday, July 10th will be paid a dividend of 0.0876 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Friday, July 10th. This is a 0.4% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Price Performance

Allspring Utilities and High Income Fund stock traded up $0.04 during trading hours on Friday, hitting $12.09. 9,574 shares of the stock were exchanged, compared to its average volume of 25,276. The business’s 50-day moving average is $12.03 and its two-hundred day moving average is $12.05. Allspring Utilities and High Income Fund has a 12 month low of $11.38 and a 12 month high of $13.07.

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.