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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Friday, October 30th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.0870 per share on Tuesday, December 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Thursday, November 12th. This is a 0.7% decrease from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.0876.

Allspring Utilities and High Income Fund Stock Performance

Allspring Utilities and High Income Fund stock opened at $11.03 on Tuesday. The business has a 50 day simple moving average of $10.71 and a 200 day simple moving average of $11.72. Allspring Utilities and High Income Fund has a one year low of $10.16 and a one year high of $12.90.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-end investment fund listed on the NYSE American under the symbol ERH. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in a portfolio of utility-related securities and high-income investments.

Its portfolio may include common stocks, preferred stocks, convertible securities and debt issued by companies in the utilities sector, including electric, gas, telecommunications and related infrastructure businesses.