Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 Per Share
Portfolio Pulse from
Reaves Utility Income Fund (NYSE American: UTG) has announced its regular monthly distributions of $0.19 per share for the next three months, maintaining the same rate as the previous quarter. The fund's market price is $33.62, with a net asset value of $33.58 as of December 9, 2024.
December 16, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Reaves Utility Income Fund maintains its monthly distribution of $0.19 per share, consistent with the previous quarter. The fund's market price is $33.62, and its NAV is $33.58.
The announcement of maintaining the dividend rate is neutral for the stock price as it meets investor expectations. The fund's market price and NAV are closely aligned, indicating stability.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100