Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a monthly dividend on Wednesday, October 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, December 17th.
Reaves Utility Income Fund Stock Up 0.1%
Shares of UTG traded up $0.04 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. Reaves Utility Income Fund has a fifty-two week low of $33.53 and a fifty-two week high of $43.90. The company has a 50 day moving average price of $37.55 and a 200 day moving average price of $39.85.
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.
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