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Reaves Utility Income Fund Dividend Announcement

(AMEX:UTG), www.utilityincomefund.com

DIVIDEND ANNOUNCEMENT: Reaves Utility Income Fund (AMEX:UTG) on 10/10/2018 declared a dividend of $0.1700 per share

October 10, 2018

Reaves Utility Income Fund (AMEX:UTG) on 10/10/2018 declared a dividend of $ 0.1700 per share payable on October 31, 2018 to shareholders of record as of October 22, 2018. Dividend amount recorded is an increase of $ 0.0188 from last dividend Paid.

Reaves Utility Income Fund (AMEX:UTG) has paid dividends since 2004, has a current dividend yield of 6.60% and has increased its dividends for 4 successive years.

Reaves Utility Income Fund's market cap is $ 618,000,000 and has a PE ratio of 30.90. The stock price closed yesterday at $ 30.90 and has a 52 week low/high of $ 27.13 and $ 31.77.

Reaves Utility Income Fund is registered as a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. As of Oct 31 2017, the Fund's investment portfolio totaled $1,946,930,679 and total assets were $1,950,037,337.

For more information on Reaves Utility Income Fund click here.

Reaves Utility Income Fund current dividend information as per the date of this press release is:
Dividend Declaration Date: October 10, 2018
Dividend Ex Date: October 19, 2018
Dividend Record Date: October 22, 2018
Dividend Payment Date: October 31, 2018
Dividend Amount: $ 0.1700
 
 

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