Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Wednesday, October 7th. Shareholders of record on Tuesday, November 17th will be given a dividend of $0.21 per share by the closed-end fund on Monday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Tuesday, November 17th.
Reaves Utility Income Fund Price Performance
Shares of UTG traded up $0.04 during midday trading on Wednesday, reaching $36.60. The stock had a trading volume of 205,955 shares, compared to its average volume of 274,580. The company’s 50-day moving average is $37.55 and its 200 day moving average is $39.85. Reaves Utility Income Fund has a 12-month low of $33.53 and a 12-month high of $43.90.
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.
Featured Articles
- Five stocks we like better than Reaves Utility Income Fund
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
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.
