Reaves Utility Income Fund Announces Monthly Dividend of $0.20 (NYSEAMERICAN:UTG)

Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Tuesday, December 16th. Investors of record on Wednesday, March 18th will be given a dividend of 0.20 per share by the closed-end fund on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, March 18th.

Reaves Utility Income Fund Price Performance

NYSEAMERICAN:UTG traded down $0.79 during midday trading on Wednesday, hitting $36.42. 186,561 shares of the stock were exchanged, compared to its average volume of 278,281. Reaves Utility Income Fund has a one year low of $27.55 and a one year high of $41.94. The business has a 50-day moving average price of $38.10 and a two-hundred day moving average price of $37.54.

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.