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Utility companies offer attractive yields and inexpensive valuations. And they are getting better for the environment.
On February 26, 2021, 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 February 17, 2021.
The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.18 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 11, 2020, the Fund's market price was $32.75 per share and its net asset value was $32.40 per share.