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Reaves Utility Income Fund (UTG) declared three upcoming monthly dividends of $0.19 per common share, consistent with the previous quarter's rate. As of December 12, 2022, UTG's market price was $30.02, with a net asset value of $30.20. The fund aims to maintain over 80% of its assets in utility-related investments, expecting to provide a high level of after-tax income. Key dates for the dividends are: Ex-Distribution Dates - Dec 29, Feb 15, and Mar 16; Payable Dates - Jan 17, Feb 28, and Mar 31, 2023.
Reaves Utility Income Fund (UTG) announced a monthly dividend of $0.19 per common share, consistent with the previous quarter. As of October 6, 2022, UTG's market price was $26.70 and net asset value $26.72. The fund focuses its investments in high-quality utility and communications companies, aiming to provide substantial after-tax income and capital appreciation. Upcoming dividend dates include:
- October 31, 2022
- November 30, 2022
- December 30, 2022
With approximately $2.42 billion in total assets, the fund confirms sustainability in its monthly payouts.
The Reaves Utility Income Fund (UTG) announced three monthly dividends of $0.19 per common share, consistent with the prior quarter. As of July 6, 2022, the market price was $30.92 and net asset value was $30.93 per share. The ex-distribution dates are July 21, August 18, and September 19, 2022. The fund aims to maintain significant investment in utility-related sectors, ensuring stable dividend income despite market volatility. This strategy supports the fund's goal of high after-tax income, backed by approximately $2.7 billion in total assets.
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