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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.0851 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, March 12th. This is a 0.4% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund Stock Up 0.7%

ERH stock traded up $0.09 on Wednesday, reaching $12.64. 18,161 shares of the company traded hands, compared to its average volume of 30,277. The firm has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $12.18. Allspring Utilities and High Income Fund has a one year low of $9.98 and a one year high of $13.07.

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.