Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Plans Dividend Increase – $0.06 Per Share

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) declared a monthly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.0621 per share on Tuesday, October 1st. This represents a $0.74 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Friday, September 13th. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06.

Allspring Utilities and High Income Fund Stock Performance

ERH traded down $0.01 on Thursday, hitting $10.42. The company had a trading volume of 27,918 shares, compared to its average volume of 27,328. Allspring Utilities and High Income Fund has a 1 year low of $7.97 and a 1 year high of $10.54.

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.