Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.17 per share by the closed-end fund on Friday, June 28th. This represents a $2.04 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend is Monday, June 17th.
Reaves Utility Income Fund has increased its dividend by an average of 3.5% per year over the last three years.
UTG opened at $35.05 on Wednesday. Reaves Utility Income Fund has a 52-week low of $26.96 and a 52-week high of $35.11.
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There is no company description available for Reaves Utility Income Trust.
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