Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Friday, July 19th will be given a dividend of 0.19 per share by the closed-end fund on Wednesday, July 31st. This represents a $2.28 annualized dividend and a yield of 8.19%. The ex-dividend date is Friday, July 19th.
Reaves Utility Income Fund has increased its dividend by an average of 1.8% annually over the last three years.
Reaves Utility Income Fund Trading Up 0.9 %
NYSEAMERICAN:UTG traded up $0.26 during midday trading on Wednesday, reaching $27.83. The stock had a trading volume of 381,018 shares, compared to its average volume of 311,460. Reaves Utility Income Fund has a 1-year low of $23.24 and a 1-year high of $28.57. The business has a fifty day moving average price of $26.97.
About Reaves Utility Income Fund
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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