Dividend Changes to Know Now: IdaCorp, Reaves Utility Income Fund, Horizon Bancorp
IdaCorp, Inc. (NYSE:IDA): IDACORP raises quarterly dividend 15.2% to 38c per share. The quarterly dividend is payable November 30 to IDACORP shareholders of record on November 5.
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Reaves Utility Income Fund Comm (AMEX:UTG): Reaves Utility Income Fund increases monthly dividend 5% to 13c per share. The increased dividend rate represents an annualized yield of 6.30% based on the current market price. As of September 20, 2012, the Fund’s market price was $24.99 per share and its net asset value was $25.87 per share.
Horizon Bancorp. (NASDAQ:HBNC): Horizon Bancorp increases dividend to 15c from 13c. Horizon Bancorp announced that its Board of Directors has approved an increase in its quarterly dividend from 13c to 15c per share. This represents a 15.38% increase and a dividend yield of 2.19% based on the price per share of $27.39 as of the close of business on September 18, the date on which the Board approved the increase. The dividend will be paid on October 12 to shareholders of record on September 28.
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