The Reaves Utility Income Fund Announces Regular Monthly Dividend Of $0.18 Per Share
Share this article Share this article DENVER, Dec. 16, 2020 /PRNewswire/ -- 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. Tim Porter, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "high-quality utility and communications companies have w...
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