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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.
The Reaves Utility Income Fund (NYSE MKT: UTG) announced a monthly dividend of $0.19 per common share, consistent with the previous quarter. As of April 6, 2022, the market price was $34.54 per share, with a net asset value of $35.83. The upcoming dividends are scheduled with ex-distribution dates on April 21, May 18, and June 16, 2022. The Fund aims to provide a high level of income primarily through tax-advantaged distributions, investing at least 80% of assets in utility-related companies. Total assets under management are approximately $2.9 billion.
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