Reaves Utility Income Fund (NYSEAMERICAN:UTG) to Issue $0.19 Monthly Dividend

Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Wednesday, June 23rd, Wall Street Journal reports. Shareholders of record on Friday, September 17th will be given a dividend of 0.19 per share by the closed-end fund on Thursday, September 30th. This represents a $2.28 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Thursday, September 16th.

NYSEAMERICAN:UTG opened at $35.36 on Wednesday. Reaves Utility Income Fund has a 12-month low of $30.10 and a 12-month high of $36.50.

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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Dividend History for Reaves Utility Income Fund (NYSEAMERICAN:UTG)

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