Welcome to our dedicated page for Reaves Utility Income news (Ticker: UTG), a resource for investors and traders seeking the latest updates and insights on Reaves Utility Income stock.
Reaves Utility Income Fund (UTG) is a closed-end management investment company that focuses on utility and infrastructure-related investments, with an objective of providing a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. The UTG news feed on Stock Titan highlights the fund’s recurring communications about its monthly distribution policy and portfolio orientation toward utility and communications companies.
News items for UTG frequently cover announcements of regular monthly dividends or distributions, including the per-share rate and the schedule of ex-dates, record dates, and payable dates. These releases often include commentary from the fund’s portfolio management, discussing expectations for income streams from investments in high-quality utility and communications companies and how those income streams relate to the fund’s ability to support its distributions.
Many UTG news releases also describe the fund’s continued policy that not less than eighty percent of its assets will be invested in securities of domestic and foreign companies involved in the generation or distribution of electricity, gas, or water, telecommunications activities, and infrastructure operations such as airports, toll roads, and municipal services. Updates may reference the Rule 19b-1 exemption and explain that distributions can include income, capital gains, and return of capital, with final tax character determined after year end.
By following the UTG news page, readers can review a historical record of the fund’s declared distribution rates, timing of payments, and management’s commentary on its utility and infrastructure investment focus. This can help investors understand how the fund has communicated its income objectives and distribution practices over time.
The Reaves Utility Income Fund (NYSE MKT: UTG) has declared monthly dividends of $0.18 per share for the next three months, maintaining the previous rate. The market price as of December 11, 2020, was $32.75, while the net asset value stood at $32.40. The dividend ex-distribution and pay dates are set, with the first payment on January 15, 2021. The Fund, managing approximately $2.1 billion in assets, invests primarily in utility and communication sectors, with a focus on providing high after-tax income and total return.
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The Reaves Utility Income Fund (UTG) has announced its monthly dividend of $0.18 per common share, consistent with the previous quarter's rate. As of October 2, 2020, the fund's market price was $31.54 per share, with a net asset value of $31.36. Ex-dividend dates for the next three distributions are set for October 19, November 16, and December 17, 2020, with payable dates following on October 30, November 30, and December 31, respectively. The fund manages around $2 billion in assets, focusing on utilities and communication sectors.
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The Reaves Utility Income Fund (UTG) has declared monthly dividends of $0.18 per share for the upcoming months, maintaining the previous quarter's rate. As of July 7, 2020, UTG's market price was $30.30 per share with a net asset value of $29.66. Key dates for dividends include the ex-distribution dates of July 23, August 20, and September 17, 2020, with payable dates on July 31, August 31, and September 30, 2020, respectively. The Fund manages approximately $1.9 billion in assets and focuses on utility and communications investments.