Reaves Utility Income Fund (NYSEAMERICAN:UTG) Plans Monthly Dividend of $0.19

Reaves Utility Income Fund (NYSEAMERICAN:UTGGet Free Report) declared a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Investors of record on Friday, August 16th will be given a dividend of 0.19 per share by the closed-end fund on Friday, August 30th. This represents a $2.28 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Friday, August 16th.

Reaves Utility Income Fund has raised its dividend payment by an average of 1.8% per year over the last three years.

Reaves Utility Income Fund Price Performance

Shares of NYSEAMERICAN UTG traded up $0.26 during mid-day trading on Wednesday, hitting $27.83. The stock had a trading volume of 381,018 shares, compared to its average volume of 311,083. The stock’s 50 day moving average price is $26.97. Reaves Utility Income Fund has a twelve month low of $23.24 and a twelve month high of $28.57.

Reaves Utility Income Fund Company Profile

(Get Free Report)

Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations.

Further Reading

Dividend History for Reaves Utility Income Fund (NYSEAMERICAN:UTG)

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