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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Tuesday, February 24th. Investors 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 yield of 8.1%. The ex-dividend date 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%

Shares of NYSEAMERICAN ERH traded up $0.09 during trading on Wednesday, hitting $12.64. 18,161 shares of the company were exchanged, compared to its average volume of 30,277. The company has a fifty day moving average price of $11.91 and a 200-day moving average price of $12.18. Allspring Utilities and High Income Fund has a 12-month low of $9.98 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.