Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.17 per share by the closed-end fund on Friday, June 28th. This represents a $2.04 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Monday, June 17th.
Reaves Utility Income Fund has raised its dividend by an average of 3.5% annually over the last three years.
NYSEAMERICAN UTG traded down $0.03 on Monday, reaching $36.10. The company’s stock had a trading volume of 127,900 shares, compared to its average volume of 147,979. Reaves Utility Income Fund has a 52 week low of $26.96 and a 52 week high of $36.25.
There is no company description available for Reaves Utility Income Trust.
Recommended Story: What is a Market Correction?
Receive News & Ratings for Reaves Utility Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reaves Utility Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.