Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Stockholders of record on Wednesday, August 21st will be given a dividend of 0.18 per share by the closed-end fund on Friday, August 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date is Tuesday, August 20th. This is an increase from Reaves Utility Income Fund’s previous monthly dividend of $0.17.

Reaves Utility Income Fund has raised its dividend by an average of 3.5% annually over the last three years.

NYSEAMERICAN UTG opened at $36.86 on Friday. Reaves Utility Income Fund has a twelve month low of $26.96 and a twelve month high of $36.94.

In other news, insider Joseph Burns Rhame III bought 2,100 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $36.34 per share, for a total transaction of $76,314.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

About Reaves Utility Income Fund

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

Further Reading: What is a Real Estate Investment Trust (REIT)?

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

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