|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||27.53 - 29.00|
|52 Week Range||27.53 - 35.44|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.28 (7.06%)|
|Ex-Dividend Date||Aug 18, 2022|
|1y Target Est||N/A|
On August 31, 2022, the Reaves Utility Income Fund (NYSE American: UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on August 19, 2022.
The Reaves Utility Income Fund (NYSE American: UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 6, 2022, the Fund's market price was $30.92 per share and its net asset value was $30.93 per share.
The utilities sector isn't cheap, but its outlook is the best in decades. Investments in renewable power, transmission lines, and grid improvements should drive mid- to high single-digit annual profit growth industrywide.