Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a dividend on Friday, May 16th, investing.com reports. Shareholders of record on Tuesday, May 20th will be paid a dividend of 0.19 per share by the closed-end fund on Friday, May 30th. This represents a yield of 6.68%. The ex-dividend date is Monday, May 19th.
Reaves Utility Income Fund has raised its dividend payment by an average of 0.7% per year over the last three years.
Reaves Utility Income Fund Stock Up 0.9%
NYSEAMERICAN UTG opened at $34.15 on Friday. The business has a 50 day moving average price of $32.07 and a 200 day moving average price of $32.11. Reaves Utility Income Fund has a 1-year low of $27.13 and a 1-year high of $35.29.
About Reaves Utility Income Fund
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.
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