Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Wednesday, October 7th. Shareholders of record on Tuesday, November 17th will be given a dividend of $0.21 per share by the closed-end fund on Monday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Tuesday, November 17th.
Reaves Utility Income Fund Stock Performance
NYSEAMERICAN UTG opened at $36.19 on Friday. Reaves Utility Income Fund has a 52-week low of $33.53 and a 52-week high of $43.90. The company’s fifty day moving average is $37.49 and its two-hundred day moving average is $39.81.
Reaves Utility Income Fund Company Profile
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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