Allspring Utilities and High Income Fund
ERHFinancial Services · Stock · monthly payer
Forward Yield
8.69%
Annual Dividend
$1.05
Payout Ratio
39%
5-Yr Growth
0.7%
Ex-Date
Jul 10, 2026
Frequency
Monthly
Summary
As of July 2026, Allspring Utilities and High Income Fund (ERH) yields 8.69% ($1.05 per share annually), with a blended fair-value estimate of $14.59 — +21% upside, so it screens as undervalued. Dividend safety grade: C (61/100). 1 years of dividend growth.
Is ERH a good dividend stock?
Yes, with caveatsAllspring Utilities and High Income Fund (ERH) pays a monthly dividend yielding 8.69% ($1.05/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (39%)
Risks
- Cut its dividend in 2024
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.69%
- Payout Ratio
- 39%
- Annual Dividend
- $1.05
- 5-Yr Avg Growth
- 0.7%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.79
- Market Cap
- $106.8M
- P/E Ratio
- 4.8
- 5-Yr Total Return
- -18%
- 52-Week Range
- $11.50 – $13.07
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
ERH Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+25%
5 Years
-18%
52-Week Range
$11.50 – $13.07
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ERH worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Allspring Utilities and High Income Fund is $14.59 per share, versus a market price of $12.11. That implies 21% of upside — a margin of safety of about 17%.
Fair Value
$14.59
Current Price
$12.11
Upside
+21%
Margin of Safety
17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.2% annual free-cash-flow growth. We model 0.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.3% discount rate (CAPM), 0.3% stage-1 growth, 2.5% terminal growth, $2.51 EPS, $1.05 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ERH Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.0880 | regular |
| Jun 11, 2026 | — | $0.0870 | regular |
| May 11, 2026 | — | $0.0860 | regular |
| Apr 10, 2026 | — | $0.0860 | regular |
| Mar 12, 2026 | — | $0.0850 | regular |
| Feb 12, 2026 | — | $0.0850 | regular |
| Jan 12, 2026 | — | $0.0840 | regular |
| Dec 11, 2025 | — | $0.0840 | regular |
| Nov 13, 2025 | — | $0.0830 | regular |
| Oct 14, 2025 | — | $0.0830 | regular |
| Sep 12, 2025 | — | $0.0820 | regular |
| Aug 11, 2025 | — | $0.0810 | regular |
| Jul 11, 2025 | — | $0.0810 | regular |
| Jun 12, 2025 | — | $0.0800 | regular |
Income Calculator
At $1.05 / yr per share
