Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Wednesday, October 7th. Investors of record on Monday, October 19th will be given a dividend of $0.21 per share by the closed-end fund on Friday, October 30th. This represents a $2.52 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, October 19th.
Reaves Utility Income Fund Stock Up 0.1%
Shares of NYSEAMERICAN:UTG traded up $0.04 on Wednesday, reaching $36.60. 205,955 shares of the company’s stock were exchanged, compared to its average volume of 274,580. The business’s 50-day moving average is $37.55 and its two-hundred day moving average is $39.85. Reaves Utility Income Fund has a fifty-two week low of $33.53 and a fifty-two week high of $43.90.
About Reaves Utility Income Fund
Reaves Utility Income Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol UTG. The fund seeks to provide a high level of current income and long-term growth of capital by investing primarily in companies involved in the utility and infrastructure industries.
Its portfolio may include electric, gas and water utilities, telecommunications companies, energy infrastructure businesses, and other issuers whose operations are linked to essential services.
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