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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Friday, October 30th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.0870 per share on Tuesday, December 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Thursday, November 12th. This is a 0.7% decrease from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.0876.

Allspring Utilities and High Income Fund Stock Up 1.7%

Allspring Utilities and High Income Fund stock opened at $11.03 on Tuesday. The stock has a 50-day simple moving average of $10.71 and a 200 day simple moving average of $11.72. Allspring Utilities and High Income Fund has a 12-month low of $10.16 and a 12-month high of $12.90.

Institutional Trading of Allspring Utilities and High Income Fund

Several hedge funds have recently modified their holdings of ERH. Shaker Financial Services LLC increased its holdings in shares of Allspring Utilities and High Income Fund by 46.4% in the third quarter. Shaker Financial Services LLC now owns 66,161 shares of the company’s stock valued at $691,000 after purchasing an additional 20,956 shares in the last quarter. CoreCap Advisors LLC boosted its position in Allspring Utilities and High Income Fund by 39.5% in the 3rd quarter. CoreCap Advisors LLC now owns 4,590 shares of the company’s stock valued at $48,000 after buying an additional 1,300 shares during the last quarter. Finally, Decision Investments Inc. boosted its position in Allspring Utilities and High Income Fund by 37.5% in the 3rd quarter. Decision Investments Inc. now owns 15,190 shares of the company’s stock valued at $157,000 after buying an additional 4,140 shares during the last quarter.

About Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fund is a closed-end investment fund listed on the NYSE American under the symbol ERH. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in a portfolio of utility-related securities and high-income investments.

Its portfolio may include common stocks, preferred stocks, convertible securities and debt issued by companies in the utilities sector, including electric, gas, telecommunications and related infrastructure businesses.