| Previous Close | 31.33 |
| Open | 31.38 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 31.41 - 31.77 |
| 52 Week Range | 26.96 - 31.82 |
| Volume | 199,091 |
| Avg. Volume | 203,386 |
| Market Cap | 1.542B |
| Beta (3Y Monthly) | 0.55 |
| PE Ratio (TTM) | 53.08 |
| EPS (TTM) | 0.60 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.04 (6.61%) |
| Ex-Dividend Date | 2019-03-19 |
| 1y Target Est | N/A |
My investment plan is to focus on owning higher yield dividend stocks with potential for dividend growth; here are three that have monthly dividends, suggests Tim Plaehn, editor of The Dividend Hunter.
Statement Pursuant to Section 19 of the Investment Company Act of 1940
Bear markets are not to be feared. They are the times when you get to "buy low", It's a time when disciplined investors take advantage of fear in the markets that always is later shown to be over blown, explains income specialist Tim Plaehn, editor of The Dividend Hunter.
The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.17 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 17, 2018, the Fund’s market price was $30.37 per share and its net asset value was $30.85 per share. Ronald J. Sorenson, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, “From a peak of 3.24% in the 3rd quarter the 10-year U.S. Treasury yield has declined to just under 2.9% currently.
The Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”) is pleased to announce that Timothy O. Porter has been named a co-portfolio manager of the Fund, serving with senior managers Ronald J. Sorenson and John P. Bartlett. Mr. Sorenson, who helped establish the Fund in 2004, will continue in his role as co-portfolio manager through the end of 2019. Mr. Porter joined Reaves Asset Management, the Fund’s investment adviser, in 2004 as an energy analyst and became a portfolio manager in 2007.
On April 30, 2018, the Reaves Utility Income Fund , a closed-end sector fund, paid a monthly distribution on its common stock of $0.17 per share to shareholders of record at the close of business on April 20, 2018.
The Reaves Utility Income Fund is pleased to announce today a 6.25% increase in its annual distribution, to $2.04 to be paid monthly at the rate of $0.17 per common share.