Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) declared a dividend on Monday, December 16th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.19 per share by the closed-end fund on Friday, January 17th. The ex-dividend date of this dividend is Tuesday, December 31st.
Reaves Utility Income Fund has increased its dividend by an average of 1.8% per year over the last three years.
Reaves Utility Income Fund Trading Down 1.8 %
Reaves Utility Income Fund stock traded down $0.60 during midday trading on Monday, reaching $32.43. 267,291 shares of the stock were exchanged, compared to its average volume of 325,857. Reaves Utility Income Fund has a 52 week low of $25.26 and a 52 week high of $35.29. The firm has a fifty day simple moving average of $30.18.
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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