Allspring Utilities and High Income Fund (ERH) to Issue Monthly Dividend of $0.09 on July 1st

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Tuesday, May 19th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.0873 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Thursday, June 11th. This is a 1.0% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Trading Up 0.6%

NYSEAMERICAN:ERH opened at $11.70 on Thursday. The company’s 50 day moving average price is $12.23 and its 200-day moving average price is $12.18. Allspring Utilities and High Income Fund has a 52 week low of $10.91 and a 52 week 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.