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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.0763 per share on Monday, March 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund Price Performance

ERH stock traded down $0.04 during midday trading on Monday, reaching $11.13. 14,953 shares of the company’s stock traded hands, compared to its average volume of 36,378. Allspring Utilities and High Income Fund has a 52 week low of $8.73 and a 52 week high of $11.36.

About Allspring Utilities and High Income Fund

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.