Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Plans Monthly Dividend of $0.08

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Tuesday, August 19th. Investors of record on Friday, September 12th will be paid a dividend of 0.0822 per share on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Friday, September 12th. This is a 1.0% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund Stock Performance

Shares of NYSEAMERICAN ERH opened at $12.04 on Wednesday. Allspring Utilities and High Income Fund has a twelve month low of $9.98 and a twelve month high of $12.20. The company has a 50 day moving average of $11.86 and a 200 day moving average of $11.30.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

A number of hedge funds have recently added to or reduced their stakes in ERH. Saba Capital Management L.P. raised its stake in Allspring Utilities and High Income Fund by 36.2% during the 4th quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock valued at $4,011,000 after buying an additional 99,408 shares during the last quarter. Zimmer Partners LP raised its stake in Allspring Utilities and High Income Fund by 145.5% during the 1st quarter. Zimmer Partners LP now owns 128,803 shares of the company’s stock valued at $1,419,000 after buying an additional 76,334 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Allspring Utilities and High Income Fund during the 1st quarter valued at $232,000. Tactive Advisors LLC bought a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter valued at $154,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of Allspring Utilities and High Income Fund by 17.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 83,163 shares of the company’s stock valued at $916,000 after acquiring an additional 12,263 shares during the period.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.