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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Tuesday, August 18th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.0879 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date 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 Price Performance

Shares of ERH opened at $11.53 on Wednesday. Allspring Utilities and High Income Fund has a 12-month low of $11.23 and a 12-month high of $13.07. The firm has a 50-day moving average price of $11.79 and a 200 day moving average price of $12.03.

Institutional Trading of Allspring Utilities and High Income Fund

Several hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC raised its position in shares of Allspring Utilities and High Income Fund by 43.7% during the 2nd quarter. CoreCap Advisors LLC now owns 3,290 shares of the company’s stock valued at $40,000 after buying an additional 1,000 shares during the period. LPL Financial LLC lifted its holdings in 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 acquiring an additional 8,894 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in 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 worth $143,000 after acquiring an additional 1,272 shares during the period. Raymond James Financial Inc. purchased a new position in Allspring Utilities and High Income Fund in the second quarter worth approximately $25,000. Finally, Ascentis Independent Advisors acquired a new stake in Allspring Utilities and High Income Fund during the first quarter worth $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.