Reaves Utility Income Fund About To Put More Money In Your Pocket (UTG)

Looking at the universe of stocks we cover at Dividend Channel, on 12/16/24, Reaves Utility Income Fund (Symbol: UTG) will trade ex-dividend, for its monthly dividend of $0.19, payable on 12/30/24. As a percentage of UTG's recent stock price of $32.85, this dividend works out to approximately 0.58%, so look for shares of Reaves Utility Income Fund to trade 0.58% lower — all else being equal — when UTG shares open for trading on 12/16/24.

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from UTG is likely to continue, and whether the current estimated yield of 6.94% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of UTG shares, versus its 200 day moving average:

Looking at the chart above, UTG's low point in its 52 week range is $25.26 per share, with $35.2899 as the 52 week high point — that compares with a last trade of $32.87.

Reaves Utility Income Fund is in our coverage universe of monthly dividend paying stocks. In Thursday trading, Reaves Utility Income Fund shares are currently up about 0.2% on the day.

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Also see:

• PLBY Average Annual Return
• Funds Holding Regeneron Pharmaceuticals
• Top Ten Hedge Funds Holding RGLS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.