Reaves Utility Income Fund declares $0.16 dividend

• Reaves Utility Income Fund (NYSE:UTG) declares $0.16/share monthly dividend, 5.8% increase from prior dividend of $0.15125.
• Forward yield 6.61%
• Payable Oct. 31; for shareholders of record Oct. 21; ex-div Oct. 19.
• Payable Nov. 30; for shareholders of record Nov. 18; ex-div Nov. 16.
• Payable Dec. 30; for shareholders of record Dec. 16; ex-div Dec. 14.