UTG - Reaves Utility Income Fund

NYSE American - NYSE American Delayed Price. Currency in USD
+0.20 (+0.61%)
At close: 3:59PM EDT
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Previous Close32.87
Bid0.00 x 800
Ask33.42 x 800
Day's Range32.87 - 33.27
52 Week Range26.96 - 33.36
Avg. Volume200,701
Market Cap1.61B
Beta (3Y Monthly)0.57
PE Ratio (TTM)55.39
EPS (TTM)0.60
Earnings DateN/A
Forward Dividend & Yield2.04 (6.21%)
Ex-Dividend Date2019-03-19
1y Target EstN/A
Trade prices are not sourced from all markets
  • Business Wire22 days ago

    Reaves Utility Income Fund Section 19(a) Notice

    Statement Pursuant to Section 19 of the Investment Company Act of 1940

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    Three High-Yield Stocks with Monthly Dividends

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    Bear Market Buys for Income Investors

    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.

  • Business Wire3 months ago

    The Reaves Utility Income Fund Announces Regular Monthly Dividend of $0.17 Per Share

    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.

  • Business Wire3 months ago

    Reaves Utility Income Fund Announces Portfolio Management Transition

    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.

  • Business Wire11 months ago

    Reaves Utility Income Fund

    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.