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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Tuesday, August 18th. Investors of record on Friday, September 11th will be given a dividend of 0.0879 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Friday, September 11th. This is a 0.1% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Trading Up 0.3%

Shares of NYSEAMERICAN:ERH opened at $11.63 on Wednesday. The business’s fifty day moving average price is $11.90 and its two-hundred day moving average price is $12.10. Allspring Utilities and High Income Fund has a fifty-two week low of $11.50 and a fifty-two week high of $13.07.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Several institutional investors have recently bought and sold shares of ERH. Raymond James Financial Inc. acquired a new position in Allspring Utilities and High Income Fund in the second quarter worth $25,000. Integrated Wealth Concepts LLC increased its stake in shares of Allspring Utilities and High Income Fund by 12.4% in the third quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock valued at $143,000 after buying an additional 1,272 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Allspring Utilities and High Income Fund by 1.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock valued at $1,031,000 after buying an additional 1,178 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Allspring Utilities and High Income Fund by 51.9% in the fourth quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after buying an additional 8,894 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of Allspring Utilities and High Income Fund in the first quarter valued at about $118,000.

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.