Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a dividend on Monday, December 16th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.19 per share by the closed-end fund on Friday, January 17th. The ex-dividend date of this dividend is Tuesday, December 31st.
Reaves Utility Income Fund has raised its dividend by an average of 1.8% per year over the last three years.
Reaves Utility Income Fund Price Performance
Shares of UTG opened at $32.49 on Tuesday. Reaves Utility Income Fund has a one year low of $25.26 and a one year high of $35.29. The business has a fifty day moving average price of $30.18.
About Reaves Utility Income Fund
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.
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