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The Reaves Utility Income Fund (NYSE MKT: UTG) has declared three consecutive monthly dividends of $0.19 per common share, maintaining the previous quarter's rate. As of December 14, 2021, the market price was $33.79 per share, with a net asset value of $33.62 per share. The upcoming dividend dates include Ex-Dates on December 30, February 17, and March 17, 2022, with payment dates set for January 14, February 28, and March 31, respectively. The Fund prioritizes investments in utility and communication sectors to ensure stable income for its shareholders.
The Reaves Utility Income Fund (UTG) announced a monthly dividend of $0.19 per common share, maintaining the same rate as the previous quarter. As of October 4, 2021, the market price was $32.71 per share, with a net asset value of $32.36. The fund focuses on high-quality utility and communications companies that offer consistent income streams. Notably, it holds approximately $2.5 billion in assets under management. Upcoming dividend dates include ex-distribution on October 19, November 16, and December 16, with respective payable dates.
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