Reaves Utility Income Fund (Symbol: UTG) will trade ex-dividend on July 19, 2024, for a monthly dividend of $0.19, which will be payable on July 31, 2024. This dividend represents approximately 0.67% of UTG’s recent stock price of $28.34, indicating that UTG shares are expected to open 0.67% lower when trading resumes.
UTG’s current estimated annualized yield is 8.05%, with a 52-week range of $23.24 to $28.57. As of today, shares of Reaves Utility Income Fund are trading approximately 0.5% higher.
