38.50 +0.17 (0.44%)
After hours: 4:36PM EST
|Bid||37.60 x 1800|
|Ask||39.33 x 800|
|Day's range||38.04 - 38.50|
|52-week range||30.15 - 38.50|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||6.72|
|Forward dividend & yield||2.16 (5.66%)|
|Ex-dividend date||12 Feb 2020|
|1y target est||N/A|
The Reaves Utility Income Fund (NYSE MKT: UTG) is pleased to announce a 5.88% increase in its annual distribution to $2.16, to be paid monthly, beginning in July, at the rate of $0.18 per common share. This is the eleventh increase since the Fund’s inception in February 2004. As of June 12, 2019, the Fund’s market price was $35.07 per share and its net asset value was $34.76 per share.
The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.17 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 5, 2019, the Fund’s market price was $33.95 per share and its net asset value was $34.53 per share. Ronald J. Sorenson, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, “The 10-year U.S. Treasury yield continued declining in the 1st Quarter.
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...