Allspring Utilities and High Income Fund declares $0.0851 dividend
Seeking Alpha News (Thu, 26-Feb 1:15 AM ET)
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
PRNewswire (Tue, 24-Feb 6:01 PM ET)
Allspring Closed-End Funds Declare Monthly Distributions
PRNewswire (Fri, 30-Jan 8:30 AM ET)
To seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The Fund will invest at least 80% of its net assets in securities of utilities companies (water, gas, electric and telecommunications companies) and in U.S. non-investment grade debt securities. The sub-advisor may employ dividend capture in an attempt to increase current income.
Allspring Utilities And High Income Common Shares trades on the AMEX stock market under the symbol ERH.
As of March 3, 2026, ERH stock price declined to $12.82 with 28,063 million shares trading.
ERH has a beta of 0.27, meaning it tends to be less sensitive to market movements. ERH has a correlation of 0.13 to the broad based SPY ETF.
ERH has a market cap of $114.01 million. This is considered a Micro Cap stock.
In the last 3 years, ERH traded as high as $13.07 and as low as $7.97.
ERH has outperformed the market in the last year with a price return of +22.5% while the SPY ETF gained +15.7%. ERH has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.6% and +3.8%, respectively, while the SPY returned +0.1% and -0.2%, respectively.
ERH support price is $12.64 and resistance is $13.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERH shares will trade within this expected range on the day.