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The Reaves Utility Income Fund (NYSE MKT: UTG) has declared monthly dividends of $0.18 per share for the next three months, maintaining the previous rate. The market price as of December 11, 2020, was $32.75, while the net asset value stood at $32.40. The dividend ex-distribution and pay dates are set, with the first payment on January 15, 2021. The Fund, managing approximately $2.1 billion in assets, invests primarily in utility and communication sectors, with a focus on providing high after-tax income and total return.
The Reaves Utility Income Fund (UTG) has announced its monthly dividend of $0.18 per common share, consistent with the previous quarter's rate. As of October 2, 2020, the fund's market price was $31.54 per share, with a net asset value of $31.36. Ex-dividend dates for the next three distributions are set for October 19, November 16, and December 17, 2020, with payable dates following on October 30, November 30, and December 31, respectively. The fund manages around $2 billion in assets, focusing on utilities and communication sectors.
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