Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Monday, October 7th, NASDAQ reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.19 per share by the closed-end fund on Thursday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Friday, October 18th.
Reaves Utility Income Fund has increased its dividend payment by an average of 1.8% per year over the last three years.
Reaves Utility Income Fund Price Performance
Shares of UTG opened at $32.90 on Thursday. Reaves Utility Income Fund has a 52 week low of $23.46 and a 52 week high of $33.17. The firm has a fifty day moving average price of $28.42.
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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