Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Wednesday, October 7th. Shareholders of record on Thursday, December 17th will be given a dividend of $0.21 per share by the closed-end fund on Wednesday, December 30th. This represents a $2.52 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, December 17th.
Reaves Utility Income Fund Price Performance
UTG opened at $36.19 on Friday. Reaves Utility Income Fund has a one year low of $33.53 and a one year high of $43.90. The stock’s fifty day moving average is $37.49 and its 200-day moving average is $39.81.
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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