Option chain shows key data for Allspring Utilities's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Allspring Utilities.

Allspring Utilities (AMEX:ERH) Stock, Option Chain

Allspring Utilities

Allspring Utilities and High Income Fund is a diversified closed-end management investment company. Its investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company allocates a majority of its total assets to a sleeve that places a focus on common, preferred, and convertible preferred stocks of utility companies and the rest of its total assets to a sleeve of U.S. dollar denominated below investment grade (high yield) debt.

News

Intraday Update

Markets

Movers

Trading Ideas

ABMD

ACBI

ACCO

ACEL

ACGL

ADOM

AERI

AGEN

AIRG

ALEX

ALLE

ALSN

AMCX

ANTM

AOSL

APYX

AQUA

ARCW

ARES

ARNC

ASRV

ASTC

ATEC

ATHM

ATRS

ATTO

AUTO

AVAL

AVNS

AWSM

AZPN

BANR

BBDO

BCOR

BCSF

BDSI

BECN

BFST

BHLB

BKNG

BMRC

BNED

BOKF

Stocks That Hit 52-Week Lows On Monday

ABCB

ABEV

ACAM

ACER

ACIW

ACLS

ACRS

ACST

AEHR

AGRO

AIMC

AINV

AIRT

ALGN

ALGT

ALOT

AMAL

AMKR

AMOT

AMPH

AMRB

AMSC

AMWD

ANIK

ANIX

APEN

APLE

APOG

APPN

ARCC

ARCO

ARDC

ARDS

ARKR

AROW

ARPO

ATKR

AVNW

AXNX

AZUL

Stocks That Hit 52-Week Lows On Thursday

ACHC

ACRE

ADIL

ADNT

ADTN

ADUS

AFIN

AGCO

AGNC

AGYS

ALKS

ALLY

ALTM

ALYA

AMBC

AMPY

ANAT

APLS

APTV

APTX

APWC

ARGO

AROC

ASGN

ATAX

ATEN

ATNX

ATRA

Stocks That Hit 52-Week Lows On Wednesday

Allspring Utilities and High Income Fund Common Shares

Allspring Utilities and High Income Fund

ERHC Energy Inc

Friday marks the last chance for investors to receive the next dividend payout from Allspring Utilities (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ERH#AMEX">ERH</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a monthly dividend of 6.89 cents per share. On Monday, Allspring Utilities will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6.89 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ERH as of the end of Friday's session are eligible to receive the 6.89 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 02, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Allspring Utilities <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Allspring Utilities's Ex-Dividend Date Is Monday, Here's What You Need To Know

Friday marks the last chance for investors to receive the next dividend payout from Allspring Utilities (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ERH#AMEX">ERH</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a monthly dividend of 7.1 cents per share. On Monday, Allspring Utilities will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7.1 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ERH as of the end of Friday's session are eligible to receive the 7.1 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on July 03, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Friday marks the last chance for investors to receive the next dividend payout from Allspring Utilities (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ERH#AMEX">ERH</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 7.61 cents per share. On Monday, Allspring Utilities will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7.61 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ERH as of the end of Friday's session are eligible to receive the 7.61 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 01, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Friday Is Your Last Chance To Buy Allspring Utilities Before The Dividend Payout

Friday marks the last chance for investors to receive the next dividend payout from Allspring Utilities (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ERH#AMEX">ERH</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of $0.0753 per share. On Monday, Allspring Utilities will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.0753 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ERH as of the end of Friday's session are eligible to receive the $0.0753 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on May 02, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Wells Fargo Utilities (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ERH#AMEX">ERH</a>) declared a dividend payable on August 2, 2021 to its shareholders as of June 25, 2021. It was also announced that shareholders of Wells Fargo Utilities's stock as of July 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Wells Fargo Utilities, which has a current dividend per share of $0.07, has an ex-dividend date scheduled for July 12, 2021. That equates to a dividend yield of 6.11% at current price levels. 
<h2>Understanding Ex-Dividend Dates'</h2>
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis. 
<h2>Wells Fargo Utilities's Dividend Payouts And Yields</h2>
Over the past year, Wells Fargo Utilities has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 11, 2021 the company's payout was $0.07, which has returned to its value today. Wells Fargo Utilities's dividend yield last year was 6.85%, which has since decreased by 0.74%. 
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. 
To read more about Wells Fargo Utilities <a href="https://www.benzinga.com/stock/erh/">click here</a>.

Understanding Wells Fargo Utilities's Ex-Dividend Date

&nbsp;
<h1>&nbsp;</h1>
Before 10 a.m. ET on Tuesday, 37 stocks hit new 52-week highs.
<h2>Highlights:</h2>
<ul>
<li>Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) was the largest company by market cap to set a new 52-week high this morning.</li>
<li>The smallest company by market cap to hit a new 52-week high was Smith-Midland (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMID#NASDAQ">SMID</a>).</li>
<li>Ferro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOE#NYSE">FOE</a>)&#39;s stock saw the most upside, trading up 22.37% to reach a new 52-week high.</li>
</ul>
Here is a list of stocks that set new 52-week highs as of 10 a.m. ET on Tuesday:
<ul>
<li>Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) shares set a new 52-week high of $172.16 on Tuesday, moving up 0.21%.</li>
<li>West Pharmaceutical Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) shares set a new 52-week high of $337.07 on Tuesday, moving up 0.54%.</li>
<li>Eastman Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) shares were up 0.74% on Tuesday morning to hit a new 52-week high of $128.71.</li>
<li>Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) shares were down 0.78% on Tuesday to hit a new 52-week high of $58.19 for a change of down 0.78%.</li>
<li>Sonoco Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) shares were up 0.41% on Tuesday morning to hit a new 52-week high of $69.73.</li>
<li>KT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KT#NYSE">KT</a>) shares were up 2.82% on Tuesday morning to hit a new 52-week high of $13.53.</li>
<li>Univar Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNVR#NYSE">UNVR</a>) stock set a new 52-week high of $25.90 Tuesday morning. Over the session, the stock traded up 2.52%.</li>
<li>Brighthouse Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) shares set a new 52-week high of $49.64 on Tuesday, moving down 1.14%.</li>
<li>Domtar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFS#NYSE">UFS</a>) shares broke to a new 52-week high of $54.22 on Tuesday. Shares of the company traded up 14.01%.</li>
<li>FS KKR Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) shares set a new 52-week high of $21.80 on Tuesday, moving up 0.71%.</li>
<li>XPEL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEL#NASDAQ">XPEL</a>) shares hit a yearly high of $70.42. The stock traded up 2.57% on the session.</li>
<li>Ferro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOE#NYSE">FOE</a>) shares broke to a new 52-week high of $21.90 on Tuesday. Shares of the company traded up 22.37%.</li>
<li>BellRing Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRBR#NYSE">BRBR</a>) shares hit a yearly high of $28.40. The stock traded up 0.69% on the session.</li>
<li>Invesco Municipal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMO#NYSE">VMO</a>) shares broke to a new 52-week high of $13.75 on Tuesday. Shares of the company traded up 0.22%.</li>
<li>Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) shares reached a new 52-week high of $28.07 on Tuesday morning, moving up 7.38%.</li>
<li>Tecnoglass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NASDAQ">TGLS</a>) stock on Tuesday broke to a yearly high of $18.22. Shares traded up 9.61%.</li>
<li>Ellington Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFC#NYSE">EFC</a>) shares hit $18.98 on Tuesday morning, setting a new 52-week high for a change of up 5.72%.</li>
<li>Clarus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLAR#NASDAQ">CLAR</a>) stock hit a yearly high price of $20.44. The stock was down 2.6% for the day.</li>
<li>Blackstone / GSO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGB#NYSE">BGB</a>) stock on Tuesday broke to a yearly high of $13.61. Shares traded up 0.43%.</li>
<li>GAMCO Global Gold Natural (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GGN#AMEX">GGN</a>) shares were up 0.85% on Tuesday morning to hit a new 52-week high of $3.91.</li>
<li>Blackrock Muni Interm (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUI#NYSE">MUI</a>) shares broke to $15.57 on Tuesday, setting a new 52-week high with a change of 0.0% (flat).</li>
<li>Alliancebernstein Ntnl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFB#NYSE">AFB</a>) shares hit a new 52-week high of $14.73. The stock traded up 0.07% on the session.</li>
<li>UFP Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPT#NASDAQ">UFPT</a>) shares hit a yearly high of $56.79. The stock traded up 0.85% on the session.</li>
<li>Southern Missouri Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMBC#NASDAQ">SMBC</a>) stock hit a yearly high price of $44.19. The stock was up 0.13% for the day.</li>
<li>Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) shares set a new yearly high of $7.74 this morning. The stock was up 7.61% on the session.</li>
<li>Blackrock Munivest Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MVT#NYSE">MVT</a>) stock on Tuesday broke to a yearly high of $16.99. Shares traded up 1.46%.</li>
<li>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) shares hit a yearly high of $24.77. The stock traded down 0.53% on the session.</li>
<li>PIMCO CA Muni Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PZC#NYSE">PZC</a>) shares broke to $11.16 on Tuesday, setting a new 52-week high with a change of up 0.9%.</li>
<li>Information Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/III#NASDAQ">III</a>) stock set a new 52-week high of $5.20 Tuesday morning. Over the session, the stock traded down 0.59%.</li>
<li>Select Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLCT#NASDAQ">SLCT</a>) shares hit a yearly high of $13.94. The stock traded up 0.31% on the session.</li>
<li>First Trust Energy Infra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIF#NYSE">FIF</a>) shares hit a yearly high of $13.10. The stock traded down 1.41% on the session.</li>
<li>Potbelly (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBPB#NASDAQ">PBPB</a>) shares were up 4.7% for the day, having made a 52-week high of $7.69.</li>
<li>Blackrock Muniyield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPA#NYSE">MPA</a>) shares set a new yearly high of $15.80 this morning. The stock was down 0.13% on the session.</li>
<li>Western Asset Premier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEA#NYSE">WEA</a>) shares hit $14.64 on Tuesday morning, setting a new 52-week high for a change of up 0.08%.</li>
<li>SilverBow Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBOW#NYSE">SBOW</a>) stock hit a yearly high price of $13.99. The stock was up 4.34% for the day.</li>
<li>Wells Fargo Utilities (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ERH#AMEX">ERH</a>) shares were up 0.11% on Tuesday morning to hit a new 52-week high of $14.17.</li>
<li>Smith-Midland (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMID#NASDAQ">SMID</a>) shares set a new yearly high of $13.98 this morning. The stock was up 5.65% on the session.</li>
</ul>
&nbsp;
Benzinga will continue to update investors on 52-week lows hit in these and other stocks. Stay tuned!

Brighthouse Financial, Inc. - Common Stock

BRBR

CLAR

Gabelli Global Gold Natural Resources & Income Trust

LQDT

Blackrock Muniyield Pennsylvania Quality Fund

Blackrock Muni Intermediate Duration Fund Inc

ORRF

PBPB

RLGT

SBOW

SLCT

SMBC

SMID

TGLS

UFPT

UNVR

XPEL

Stocks That Hit 52-Week Highs On Tuesday

On March 26, 2021, Wells Fargo Utilities (AMEX:<a class="ticker" href="/stock/ERH#AMEX">ERH</a>) announced shareholders can expect to receive a dividend payable on May 3, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Wells Fargo Utilities, whose current dividend payout is $0.07, has an ex-dividend date set at April 12, 2021. The payout equates to a dividend yield of 6.54% at current price levels.
<h2>The Significance Of Ex-Dividend Dates</h2>
An ex-dividend date signals when a company&#39;s shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company&#39;s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
<h2>Understanding Wells Fargo Utilities&#39;s Dividend Payouts And Yields</h2>
Over the past year, Wells Fargo Utilities has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 11, 2020 the company&#39;s payout was $0.07, which has returned to its value today. Wells Fargo Utilities&#39;s dividend yield last year was 6.71%, which has since decreased by 0.17%. 
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
<a href="https://www.benzinga.com/stock/erh/dividends">Click here</a> to find details on Wells Fargo Utilities&#39;s previous dividends.

Ex-Dividend Date Insight: Wells Fargo Utilities

Wells Fargo Utilities (AMEX:<a class="ticker" href="/stock/ERH#AMEX">ERH</a>) declared a dividend payable on February 1, 2021 to its shareholders as of December 18, 2020. It was also announced that shareholders of Wells Fargo Utilities&#39;s stock as of January 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Wells Fargo Utilities has an ex-dividend date planned for January 12, 2021. The company&#39;s current dividend payout sits at $0.07. That equates to a dividend yield of 6.71% at current price levels.
<h2>The Significance Of Ex-Dividend Dates</h2>
An ex-dividend date signals when a company&#39;s shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company&#39;s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
<h2>Wells Fargo Utilities&#39;s Dividend History</h2>
Over the past year, Wells Fargo Utilities has seen its dividend payouts remain the same and its yields climb upward overall. Last year on September 11, 2020 the company&#39;s payout sat at $0.07, which has returned to its value today. Wells Fargo Utilities&#39;s dividend yield last year was 6.53%, which has since grown by 0.18%. 
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
To read more about Wells Fargo Utilities <a href="https://www.benzinga.com/stock/erh/">click here</a>.

UPS, OTTR, EMR, ENB, SHBI, FMO, LPX, OMP, TSBK, WAL, PFC, LLY, GCBC, BPRN, BSM, ODC, RTX, OXSQ, WAB, WEC, WRTG, SHW, GRC, SJM, CLCT, SCHW, BFST, FCFS, LAD, MSEX, HTLF, XEC, EQNR, HP, MMS, GLW, BSET, KR, JEF, AHC, HON, CWBC, STBI, PFS, ARCB, ERH, WRK, NP, AUB, JBGS, GSK, MSCI, BWFG, V, TAIT, EVA, NRT, CTVA, SSB, TFC, DUK, SSBI, FNWB, EBMT, FMBM, CVGW, SMBC, SALT, CVCY, TFX, WD, ADS, PCSB, RDS/A, BRKL, CGNX, SIGI, OBNK, RGR, SJR

ARCB

BPRN

BRKL

BSET

BWFG

CGNX

CLCT

CSE:HP

CTVA

CVCY

CVGW

CWBC

EBMT

EQNR

FCFS

FMBM

FNWB

GCBC

HTLF

JBGS

MSCI

MSEX

OBNK

OTTR

OXSQ

PCSB Financial Corporation - Common Stock

PCSB

SALT

SCHW

SHBI

SIGI

SSBI

STBI

TAIT

TSBK

TSXV:WEB.H

80 Stocks Trading Ex-Dividend Today, Thursday, Nov. 12, 2020:

In the hunt for low-risk, high-return investments, exchange-traded funds (<a class="ticker" href="/stock/etf#">ETF</a>) and real estate investment trusts (REIT) have become increasingly popular with investors. Some of these products offer eye-popping returns; for example, Hatteras Financial Corp. (NYSE: <a class="ticker" href="/stock/hts#NYSE">HTS</a>) is an externally-managed REIT currently offering quarterly dividends of $1. On a stock trading at around 25.60, that is an annualized return of over 15%!

	The downside, of course, is risk. Hatteras began the year trading in the $30 range and is only slightly above its 52 week low of $22.33 per share. Investors, particularly retirees, are drawn to REITs because they provide a semi-reliable source of regular income, but their volatility translates into a greater level of risk than many retirees are comfortable with.

	A high-yielding but lower risk bet may be a class of high-yield closed-end funds (<a class="ticker" href="/stock/cef#">CEF</a>)--some of these have shown a robust stability in recent years, even as the market has reached record levels of volatility. While the Volatility S&amp;P 500 (^VIX) swings wildly, many high-yield closed-end funds have remained almost flat.

	However, many investors are unfamiliar the CEFs. They are similar to exchange-trade funds in that they are traded as shares after an IPO raises a certain amount of money that is then invested according to the fund's mandate. Muncipal energy CEFs, for example, will invest in utility companies. After the fund has invested its money, the CEF is listed as a stock and sold on an open market.

	The important point of the closed-end fund is that there is a fixed number of shares, and the CEF cannot issue more shares at any point. Fixing the supply of the stock helps to limit investors' exposure, but the price of the CEF will still fluctuate according to demand for it on the open market.

	To illustrate how this works, let's take a look at a rather well-performing example: the Wells Fargo Advantage Utilities and High Income Fund (AMEX: <a class="ticker" href="/stock/erh#AMEX">ERH</a>). This fund has a market cap of a little over $100 million, which has been invested in mostly in utilities, but also in a wider range of holdings to minimize risk. You can see a detail of the fund's holdings <a href="http://www.wellsfargoadvantagefunds.com/wfweb/wf/portal/product/holdings/cef.jsp?selFund=2LQC&amp;BV_UseBVCookie=yes">here</a>.

	For 2011, the fund has been offering an annualized dividend slightly above 8.2%, which is slightly below previous years. As with most closed-end funds, the stock's price has dropped relative to its dividend yield, meaning that anyone investing in a CEF is wise to track its dividend announcements and respond swiftly.

	However, even with a lower dividend yield, 8.2% is still very high. Additionally, since CEFs are publicly-traded stocks with a fixed number of outstanding shares, CEFs are much easier to jump in and out of than mutual funds.

	While investors cannot rely solely of CEFs, they are an often overlooked and useful component to a well-diversified portfolio, especially if the goal is to produce income by investing in a specific sector with relatively little research into individual institutional performance.

ETFs

Aberdeen Emerging Markets Telecommunications & Infrastructure Fund

Get Fast Investment Income with Closed-End Funds

Mutual Funds

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund

Comments

Allspring Utilities

Allspring Utilities (ERH) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga