Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Wednesday, October 9th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.19 per share by the closed-end fund on Monday, December 30th. This represents a $2.28 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Monday, December 16th.
Reaves Utility Income Fund has raised its dividend by an average of 1.8% per year over the last three years.
Reaves Utility Income Fund Trading Down 2.3 %
Shares of NYSEAMERICAN UTG opened at $31.39 on Thursday. Reaves Utility Income Fund has a 52 week low of $23.46 and a 52 week high of $33.17. The business has a fifty day moving average price of $28.19.
Reaves Utility Income Fund Company Profile
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations.
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