Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) to Issue Monthly Dividend of $0.08

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend is Thursday, February 13th. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Allspring Utilities and High Income Fund Stock Performance

Shares of Allspring Utilities and High Income Fund stock opened at $11.16 on Tuesday. Allspring Utilities and High Income Fund has a 52 week low of $8.73 and a 52 week high of $11.36.

Allspring Utilities and High Income Fund Company Profile

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.