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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Friday, June 26th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.0876 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Friday, July 10th. This is a 0.4% increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Stock Up 0.5%

NYSEAMERICAN:ERH opened at $12.11 on Friday. The business’s 50 day moving average is $12.02 and its two-hundred day moving average is $12.05. Allspring Utilities and High Income Fund has a 52 week low of $11.38 and a 52 week high of $13.07.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Allspring Utilities and High Income Fund during the second quarter worth $25,000. Ascentis Independent Advisors acquired a new position in shares of Allspring Utilities and High Income Fund in the 1st quarter valued at about $118,000. Integrated Wealth Concepts LLC grew its position 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 valued at $143,000 after buying an additional 1,272 shares during the last quarter. LPL Financial LLC grew its position 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 valued at $308,000 after buying an additional 8,894 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in Allspring Utilities and High Income Fund during the fourth quarter worth about $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.