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Reaves Utility Income Fund Increases Annual Distribution By 5.26% To $2.40 Per Share

Author: Benzinga Newsdesk | June 23, 2025 07:01am

Reaves Utility Income Fund (NYSE:UTG) is pleased to announce today a 5.26% increase in its annual distribution to $2.40, to be paid monthly at the rate of $0.20 per common share. This is the thirteenth increase of the distribution since the Fund's inception in February 2004. The increased dividend rate represents an annualized distribution rate of 6.92% based on the current market price. As of June 18, 2025, the Fund's market price was $34.66 per share and its net asset value was $35.13 per share.

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