Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.19 per share by the closed-end fund on Friday, August 30th. This represents a $2.28 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Friday, August 16th.
Reaves Utility Income Fund has raised its dividend by an average of 1.8% annually over the last three years.
Reaves Utility Income Fund Stock Performance
UTG stock opened at $29.03 on Wednesday. Reaves Utility Income Fund has a 1-year low of $23.24 and a 1-year high of $29.06. The firm has a 50 day moving average of $27.33.
Reaves Utility Income Fund Company Profile
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations.
See Also
- Five stocks we like better than Reaves Utility Income Fund
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Instacart Stock Gains Momentum with Profits and AI-Powered Carts
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Is PROCEPT BioRobotics the Next Big Thing in Surgical Robotics?
- What is the Dogs of the Dow Strategy? Overview and Examples
- Top 3 Dividend-Paying Stocks for Stability in Volatile Markets
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.
