Reaves Utility Income Fund (NYSEAMERICAN:UTG) Plans $0.17 Monthly Dividend
Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Investors of record on Tuesday, June 18th will be paid a dividend of 0.17 per share by the closed-end fund on Friday, June 28th. This represents a $2.04 dividend on an annualized basis and a yield of 5.74%. 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.
Shares of UTG opened at $35.56 on Friday. Reaves Utility Income Fund has a 52-week low of $26.96 and a 52-week high of $35.62.
About Reaves Utility Income Fund
There is no company description available for Reaves Utility Income Trust.
Featured Story: What is the Dividend Aristocrat Index?
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.