Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Free Report) announced a monthly dividend on Friday, September 25th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.0876 per share on Monday, November 2nd. This represents a $1.05 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Tuesday, October 13th. This is a 0.4% decrease from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.0879.
Allspring Utilities and High Income Fund Stock Performance
ERH traded down $0.10 during midday trading on Friday, reaching $10.24. 16,437 shares of the company were exchanged, compared to its average volume of 25,989. Allspring Utilities and High Income Fund has a one year low of $10.24 and a one year high of $13.07. The company’s fifty day moving average price is $11.47 and its 200 day moving average price is $11.88.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Allspring Utilities and High Income Fund stock. CoreCap Advisors LLC lifted its stake in shares of Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Free Report) by 43.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,290 shares of the company’s stock after purchasing an additional 1,000 shares during the period. CoreCap Advisors LLC’s holdings in Allspring Utilities and High Income Fund were worth $40,000 at the end of the most recent quarter.
About Allspring Utilities and High Income Fund
Allspring Utilities and High Income Fund is a closed-end investment company listed on the NYSE American under the symbol ERH. The fund seeks to provide a high level of current income while also pursuing capital appreciation by investing in a combination of utility-related securities and higher-income investments.
The fund’s portfolio may include equity and debt securities issued by companies in the utilities sector, as well as below-investment-grade, or high-yield, bonds and other income-producing securities.
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