Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Wednesday, October 7th. Shareholders of record on Monday, October 19th will be paid 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 yield of 6.9%. The ex-dividend date of this dividend is Monday, October 19th.
Reaves Utility Income Fund Stock Up 0.1%
UTG traded up $0.04 during midday trading on Wednesday, hitting $36.60. The company’s stock had a trading volume of 205,955 shares, compared to its average volume of 274,580. The firm has a 50-day moving average price of $37.55 and a two-hundred day moving average price of $39.85. Reaves Utility Income Fund has a 52-week low of $33.53 and a 52-week high of $43.90.
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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