Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Friday, April 18th will be paid a dividend of 0.19 per share by the closed-end fund on Wednesday, April 30th. This represents a dividend yield of 7.22%. The ex-dividend date is Thursday, April 17th.
Reaves Utility Income Fund has increased its dividend by an average of 0.7% per year over the last three years.
Reaves Utility Income Fund Trading Down 0.9 %
Shares of UTG opened at $31.28 on Thursday. Reaves Utility Income Fund has a 12 month low of $25.50 and a 12 month high of $35.29. The business’s fifty day simple moving average is $32.33 and its two-hundred day simple moving average is $31.86.
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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