Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Reaves Utility Income (AMEX:UTG) declared a dividend payable on June 30, 2021 to its shareholders as of April 9, 2021. It was also announced that shareholders of Reaves Utility Income's stock as of June 18, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Reaves Utility Income has an ex-dividend date set for for June 17, 2021. The company's current dividend payout is $0.18, which equates to a dividend yield of 6.39% at current price levels.
What Are Ex-Dividend Dates?
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Reaves Utility Income's Dividend Payouts And Yields
Over the past year, Reaves Utility Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 16, 2021 the company's payout was $0.18, which has returned to its value today. Reaves Utility Income's dividend yield last year was 6.51%, which has since decreased by 0.12%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
To read more about Reaves Utility Income click here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.