Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Friday, October 9th, Wall Street Journal reports. Stockholders of record on Tuesday, October 20th will be paid a dividend of 0.18 per share by the closed-end fund on Friday, October 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.57%. The ex-dividend date is Monday, October 19th.
Shares of UTG stock opened at $32.87 on Friday. Reaves Utility Income Fund has a one year low of $19.45 and a one year high of $40.20.
In other Reaves Utility Income Fund news, Director Louis Francisco Cimino bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $31.61 per share, with a total value of $31,610.00. Following the purchase, the director now directly owns 14,956 shares in the company, valued at $472,759.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
There is no company description available for Reaves Utility Income Trust.
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