Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Wednesday, October 7th. Investors of record on Monday, October 19th will be given a dividend of $0.21 per share by the closed-end fund on Friday, October 30th. This represents a $2.52 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Monday, October 19th.
Reaves Utility Income Fund Trading Down 1.1%
Shares of NYSEAMERICAN:UTG opened at $36.19 on Friday. Reaves Utility Income Fund has a 52-week low of $33.53 and a 52-week high of $43.90. The business’s 50 day simple moving average is $37.49 and its two-hundred day simple moving average is $39.81.
About Reaves Utility Income Fund
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.
See Also
- Five stocks we like better than Reaves Utility Income Fund
- Want Private-Market Access to Kalshi and Polymarket? Try This ETF
- Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
Receive News & Ratings for Reaves Utility Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reaves Utility Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
