Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Declares Dividend Increase – $0.08 Per Share

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERHGet Rating) declared a monthly dividend on Friday, May 27th, Wall Street Journal reports. Stockholders of record on Monday, June 13th will be paid a dividend of 0.0761 per share on Friday, July 1st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Friday, June 10th. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund has decreased its dividend by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 1 years.

Shares of NYSEAMERICAN ERH traded up $0.25 during trading hours on Friday, reaching $12.88. The stock had a trading volume of 21,168 shares, compared to its average volume of 20,448. Allspring Utilities and High Income Fund has a twelve month low of $12.07 and a twelve month high of $15.23.

A hedge fund recently bought a new stake in Allspring Utilities and High Income Fund stock. Stifel Financial Corp bought a new stake in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERHGet Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 44,552 shares of the company’s stock, valued at approximately $657,000.

Allspring Utilities and High Income Fund Company Profile (Get Rating)

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.

Further Reading

Dividend History for Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)

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