Rhea-AI Summary
The Reaves Utility Income Fund (NYSE MKT: UTG) announced a monthly dividend of $0.19 per common share, consistent with the previous quarter. As of April 6, 2022, the market price was $34.54 per share, with a net asset value of $35.83. The upcoming dividends are scheduled with ex-distribution dates on April 21, May 18, and June 16, 2022. The Fund aims to provide a high level of income primarily through tax-advantaged distributions, investing at least 80% of assets in utility-related companies. Total assets under management are approximately $2.9 billion.
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FAQ
What is the current stock price of UTG (UTGN)?
UTG (UTGN) last closed at $60.
What is the market cap of UTG (UTGN)?
The market cap of UTG (UTGN) is approximately $188.0M.