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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Tuesday, May 19th. Investors of record on Thursday, June 11th will be paid a dividend of 0.0873 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend 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 0.5%

Shares of NYSEAMERICAN:ERH opened at $11.63 on Wednesday. Allspring Utilities and High Income Fund has a twelve month low of $10.91 and a twelve month high of $13.07. The company’s 50 day moving average is $12.24 and its 200 day moving average is $12.19.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in ERH. Raymond James Financial Inc. acquired a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of Allspring Utilities and High Income Fund during the 1st quarter worth approximately $118,000. Integrated Wealth Concepts LLC grew its stake in shares of Allspring Utilities and High Income Fund by 12.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock worth $143,000 after purchasing an additional 1,272 shares during the period. LPL Financial LLC grew its stake in shares of Allspring Utilities and High Income Fund by 51.9% during the 4th quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock worth $308,000 after purchasing an additional 8,894 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Allspring Utilities and High Income Fund during the 4th quarter worth approximately $469,000.

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.