Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Tuesday, June 23rd. Investors of record on Friday, July 17th will be paid a dividend of 0.21 per share by the closed-end fund on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, July 17th. This is a 5.0% increase from Reaves Utility Income Fund’s previous monthly dividend of $0.20.
Reaves Utility Income Fund Stock Performance
Shares of UTG opened at $40.98 on Wednesday. Reaves Utility Income Fund has a fifty-two week low of $35.81 and a fifty-two week high of $43.90. The firm’s 50-day simple moving average is $41.51 and its two-hundred day simple moving average is $40.24.
About Reaves Utility Income Fund
Reaves Utility Income Fund (NYSE American: UTG) is a closed-end management investment company organized as a Delaware statutory trust. Since commencing operations in 1994, the fund’s primary objective has been to provide its shareholders with a high level of current income and the potential for capital appreciation. It does so by investing in a diversified portfolio of income-producing securities within the utilities sector.
The fund typically allocates its assets across common stocks, preferred stocks, corporate debt securities, convertible securities, rights, warrants and depositary receipts of regulated utility companies.
Read More
- Five stocks we like better than Reaves Utility Income Fund
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
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.
