Allspring Utilities and High Income Fund (ERH)
| Market Value | 98.68M |
| Revenue (ttm) | 6.38M |
| Net Income (ttm) | 19.61M |
| Shares Out | 9.29M |
| EPS (ttm) | 2.18 |
| PE Ratio | 4.88 |
| Forward PE | n/a |
| Dividend | $0.76 (7.20%) |
| Ex-Dividend Date | Dec 12, 2024 |
| Volume | 19,826 |
| Open | 10.47 |
| Previous Close | 10.48 |
| Day's Range | 10.47 - 10.68 |
| 52-Week Range | 8.73 - 11.36 |
| Beta | 0.90 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About ERH
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. It primarily invests in stocks of companies across all market capitalizations operating in utility sector including water, gas, electric, and telecommunications companies. For the fixed income component of its portfolio the fund seeks to i... [Read more]
News
ERH: This Fund Presents An Interesting Opportunity For Income Investors
The Allspring Utilities and High Income Fund is an underfollowed closed-end fund that invests in a 70/30 portfolio of utility equities and junk bonds. The fund has beaten the S&P 500 Index since March...
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
CHARLOTTE, N.C. , Nov. 14, 2024 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividen...
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , Oct. 25, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities a...
ERH: Utilities And High-Yield At A Discount
Allspring Utilities and High Income Fund focuses on a portfolio of utilities and high-yield bonds, offering income-oriented investors a rather unique mix. The fund has seen a strong recovery from last...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C. , Aug. 14, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and H...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund
CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and Hi...
ERH: Utilities Are Struggling, But This CEF May Work As A Fixed-Income Alternative
The Allspring Utilities and High Income Fund offers investors a high level of current income with exposure to the upside potential of common equity investments. The ERH closed-end fund's performance o...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds
CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and H...
Allspring Closed-End Funds Adopt Amended and Restated By-Laws
CHARLOTTE, N.C. , Dec. 21, 2023 /PRNewswire/ -- The following Allspring closed-end funds announced today that the Board of Trustees for each Fund has approved the adoption of their respective Amended ...
ERH: A Decent Discount Opens Up For Utility And High Yield Exposure
ERH is a closed-end fund that invests in utility and high-yield bonds and offers investors a monthly distribution based on a managed policy. The fund's discount has widened, making it a more attractiv...
CEF Weekly Review: Term CEFs Continue To Be Misunderstood
We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.
UTG Vs. ERH: Two 8% Yielding Monthly Pay CEFs
Reaves Utility Income Trust yields 8.27% and Allspring Utilities and High Income Fund yields 8.49%, and both closed-end funds pay monthly. Both funds hold Utilities as their main sector exposure.
ERH: Underperforms A Simple XLU/JNK Portfolio
ERH provides exposure to utilities and high-yield bonds. The ERH fund pays an attractive 8.7% distribution yield but has only delivered 5.2% average annual returns over 5 years.
ERH: Some Concerns About The Distribution But Otherwise A Good CEF
Utilities have long been a favorite asset class of conservative investors due to their financial stability and high yields. Allspring Utilities and High Income Fund invests in a portfolio of both util...
ERH: An Interesting Play, But Not Cheap Enough For A 'Buy'
ERH takes a fairly unique approach to invest in both utility equities and high-yield bonds. While this is a fairly odd combination, it isn't the only fund to focus on this type of allocation.
Equity CEF Performances: Updated Through Oct. 28, 2022
During a week in which Microsoft, Alphabet, Meta Platforms and Amazon dropped an average -12.1% after their earnings, one would think the Nasdaq-100 would be close to its YTD low. But instead, the Nas...
ERH: Utilities And High Yield, Getting To A Better Valuation
ERH is an interesting closed-end fund with an unusual focus on utility exposure and high yield. This investment focus means they are more focused on regular dividends and interest payments, which can ...
ERH: Buy This Vaunted Utilities Fund, An Alternative To DNP
ERH is a closed-end fund with a 70/30 utilities and high yield bonds bucketing. The fund has enviable long-term returns (the 10-year annualized return clocks in at 11.2%) and risk/reward analytics tha...
Allspring Utilities and High Income Fund Announces Sources of Distribution
CHARLOTTE, N.C. , April 1, 2022 /PRNewswire/ -- The Allspring Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today's distribution in a Notice provided to...
Wells Fargo Utilities and High Income Fund Announces Sources of Distribution
CHARLOTTE, N.C., Dec. 1, 2021 /PRNewswire/ -- The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today's distribution in a Notice provided to...
Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C., Nov. 12, 2021 /PRNewswire/ -- The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities ...
ERH: Utilities And High Yield, But Looking Expensive
ERH is getting more expensive since we last covered the fund for seemingly no reason.
Results of Special Shareholder Meetings of Wells Fargo Closed-End Funds
SAN FRANCISCO--(BUSINESS WIRE)--In connection with the proposed sale by Wells Fargo & Company of Wells Fargo Asset Management (WFAM) to a holding company affiliated with private funds of GTCR LLC and ...