Reaves Utility Income Fund (NYSEAMERICAN:UTG) declared a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.16 per share by the closed-end fund on Wednesday, February 28th. This represents a $1.92 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, February 15th.

Reaves Utility Income Fund (NYSEAMERICAN:UTG) traded down $0.45 during mid-day trading on Tuesday, reaching $30.74. 322,288 shares of the company’s stock were exchanged, compared to its average volume of 155,474. Reaves Utility Income Fund has a fifty-two week low of $30.34 and a fifty-two week high of $36.73.

In related news, insider Ronald James Sorenson purchased 6,102 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was acquired at an average price of $29.93 per share, with a total value of $182,632.86. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at

Reaves Utility Income Fund Company Profile

Reaves Utility Income Fund (the Fund) is closed-end management investment company. The Fund’s investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. The Fund intends to invest approximately 80% of its total assets in dividend-paying common and preferred stocks and debt instruments of companies within the utility industry.

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

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's FREE daily email newsletter.