UTG - Reaves Utility Income Fund

NYSE - Nasdaq Real Time Price. Currency in USD
36.93
+0.07 (+0.19%)
As of 2:58PM EDT. Market open.
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Previous Close36.86
Open36.86
Bid36.95 x 1000
Ask36.99 x 900
Day's Range36.81 - 36.99
52 Week Range26.96 - 37.48
Volume144,114
Avg. Volume149,344
Market Cap1.799B
Beta (3Y Monthly)-0.07
PE Ratio (TTM)6.48
EPS (TTM)5.70
Earnings DateN/A
Forward Dividend & Yield2.16 (5.88%)
Ex-Dividend Date2019-09-19
1y Target EstN/A
Trade prices are not sourced from all markets
  • PR Newswire

    Reaves Utility Income Fund Section 19(a) Notice

    DENVER, Aug. 30, 2019 /PRNewswire/ -- On August 30, 2019, the Reaves Utility Income Fund (NYSE MKT: UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.18 per share to shareholders of record at the close of business on August 21, 2019. In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount.

  • Business Wire

    The Reaves Utility Income Fund Increases Its Monthly Distribution 5.88% to $0.18 Per Share

    The Reaves Utility Income Fund (NYSE MKT: UTG) is pleased to announce a 5.88% increase in its annual distribution to $2.16, to be paid monthly, beginning in July, at the rate of $0.18 per common share. This is the eleventh increase since the Fund’s inception in February 2004. As of June 12, 2019, the Fund’s market price was $35.07 per share and its net asset value was $34.76 per share.

  • MoneyShow

    Look to Utilities as a Safe Harbor

    It's time to look for some safe harbor investments. The goal is to find conservative investments where products, revenues or services are not tied to international trade, explains Tim Plaehn, income expert and editor of The Dividend Hunter.

  • Business Wire

    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 April 5, 2019, the Fund’s market price was $33.95 per share and its net asset value was $34.53 per share. Ronald J. Sorenson, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, “The 10-year U.S. Treasury yield continued declining in the 1st Quarter.

  • MoneyShow

    Three High-Yield Stocks with Monthly Dividends

    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.

  • MoneyShow

    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 Wire

    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.