Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.19 per share by the closed-end fund on Monday, March 31st. This represents a $2.28 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date is Tuesday, March 18th.
Reaves Utility Income Fund has raised its dividend payment by an average of 1.8% annually over the last three years.
Reaves Utility Income Fund Price Performance
NYSEAMERICAN UTG opened at $31.80 on Wednesday. The company has a 50 day simple moving average of $30.18. Reaves Utility Income Fund has a 1-year low of $25.26 and a 1-year high of $35.29.
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.
Read More
- Five stocks we like better than Reaves Utility Income Fund
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Q4’s Most Upgraded Stocks: Promising Buys for 2025
- Differences Between Momentum Investing and Long Term Investing
- Is Lucid Group’s Stock a Recovery Play or a Risky Bet?
- How to Invest in Blue Chip Stocks
- Top 3 Aerospace and Defense Stocks Flying Under the Radar
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.
