Reaves Utility Income Fund (NYSEAMERICAN:UTG) announced a monthly dividend on Wednesday, July 15th, Wall Street Journal reports. Stockholders of record on Friday, September 18th will be given a dividend of 0.18 per share by the closed-end fund on Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Thursday, September 17th.

Reaves Utility Income Fund has decreased its dividend payment by 23.8% over the last three years and has raised its dividend annually for the last 2 consecutive years.

NYSEAMERICAN:UTG opened at $31.90 on Wednesday. Reaves Utility Income Fund has a 52 week low of $19.45 and a 52 week high of $40.20.

In other news, Director Louis Francisco Cimino acquired 1,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of $31.61 per share, for a total transaction of $31,610.00. Following the acquisition, the director now owns 14,956 shares in the company, valued at approximately $472,759.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Reaves Utility Income Fund Company Profile

There is no company description available for Reaves Utility Income Trust.

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

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