Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Monday, October 7th,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid 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 yield of 6.90%. The ex-dividend date of this dividend is Monday, December 16th.
Reaves Utility Income Fund has raised its dividend payment by an average of 1.8% per year over the last three years.
Reaves Utility Income Fund Stock Performance
NYSEAMERICAN:UTG opened at $33.03 on Friday. Reaves Utility Income Fund has a one year low of $25.26 and a one year high of $35.29. The business’s 50-day simple moving average is $30.18.
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.
Further Reading
- Five stocks we like better than Reaves Utility Income Fund
- 3 Small Caps With Big Return Potential
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- Short Selling: How to Short a Stock
- Texas Instruments: The Old-School Tech Titan Still Delivering
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- GRAIL: Biotech Stock Targeting $100B Cancer Market
Receive News & Ratings for Reaves Utility Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reaves Utility Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
