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Reaves Utility Income Fund (NYSE:UTG) declared a monthly dividend on Wednesday, July 9th, Analyst Ratings Network.com reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.1375 per share on Friday, August 29th. This represents a $1.65 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, August 14th.

Reaves Utility Income Fund (NYSE:UTG) traded up 0.77% during mid-day trading on Wednesday, hitting $28.91. The stock had a trading volume of 73,840 shares. Reaves Utility Income Fund has a one year low of $23.60 and a one year high of $30.10. The stock’s 50-day moving average is $29.37 and its 200-day moving average is $27.66.

Reaves Utility Income Fund (NYSE:UTG) is a non-diversified, closed-end management investment company.

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