Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Monday, December 16th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.19 per share by the closed-end fund on Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Tuesday, December 31st.
Reaves Utility Income Fund has raised its dividend by an average of 1.8% annually over the last three years.
Reaves Utility Income Fund Stock Performance
UTG stock opened at $31.84 on Friday. Reaves Utility Income Fund has a 1 year low of $25.26 and a 1 year high of $35.29. The company has a 50 day moving average of $30.26.
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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