Reminder - Reaves Utility Income Fund (UTG) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 8/17/23, Reaves Utility Income Fund (Symbol: UTG) will trade ex-dividend, for its monthly dividend of $0.19, payable on 8/31/23. As a percentage of UTG's recent stock price of $27.00, this dividend works out to approximately 0.70%, so look for shares of Reaves Utility Income Fund to trade 0.70% lower — all else being equal — when UTG shares open for trading on 8/17/23.



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 8.44% 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 $24.55 per share, with $34.02 as the 52 week high point — that compares with a last trade of $27.02.

Reaves Utility Income Fund is in our coverage universe of monthly dividend paying stocks. In Tuesday trading, Reaves Utility Income Fund shares are currently off about 0.6% on the day.

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