Reaves Utility Income Fund

W.H. Reaves & Company, Inc. (dba Reaves Asset Management) - Investment Management An investment advisor specializing in utilities and energy infrastructure, founded in 1961 Approximately $2.7 billion in total assets under management (as of 09/30/2016) 37-year track record for institutional clients Portfolio managers are supported by a highly experienced management team Research team averages over 20 years of industry experience Philosophy Reaves Asset Management believes that an information advantage can be created when experience analysts focus their fundamental, quantitative and qualitative, bottom-up research within the utility sector. Furthermore, the identification of utility companies that are disciplined enough to supply growing dividend income to their shareholders is a key component in the management process.

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Investing in high-yield, low-risk dividend stocks can generate dependable passive income while preserving and even growing principal over time. We discuss the non-negotiable bedrock principles for success in high-yield investing. We also share numerous high-yielding, low-risk dividend stocks and funds that we think fit in well with this approach.

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Monthly dividends are popular for income investors, providing regular cash flow and easier budgeting. Investing in monthly paying high-yielding closed-end funds offers diversification, leverage, and professional management. We detail four CEFs that offer attractive monthly dividends and meaningful upside potential in April 2024.

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Leveraged income funds like Reaves Utility Income Trust have been negatively impacted by inflation and rising rates. UTG has consistently struggled over the last three years, offering investors minimal returns compared to peers. The utility industry outlook remains poor, and the fund's reliance on long-term capital gains and high leverage costs hinder its ability to provide substantial income or returns.

UTG: Recent Fed Decisions Highlight Why This Fund's Strategy Isn't Working

DENVER, CO / ACCESSWIRE / April 5, 2024 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 2, 2024, the Fund's market price was $26.95 per share and its net asset value was $26.59 per share.

Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 per Share

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US consumer spending increased by 0.8% MoM in February, the largest gain since January 2023.

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Reaves Utility Income Trust is a stable income investment that focuses on the regulated utility industry. UTG shares have remained relatively flat but have acted as a proxy for fixed-income investments due to their distributed income. I believe that UTG will benefit from a lower rate environment and I am bullish on its potential for income investors.

UTG: Despite The Run I Still Expect This 8.46% Yielding CEF To Appreciate More

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DENVER, CO / ACCESSWIRE / March 28, 2024 / On March 28, 2024, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on March 15, 2024. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.

Reaves Utility Income Fund Section 19(a) Notice

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Reaves Utility Income offers a nearly 9% yield and leveraged exposure to three major tailwinds in the infrastructure sector.

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The Near Perfect Portfolio Strategy provides SWAN-like attributes and aims to meet income and growth goals while minimizing volatility and drawdowns. The strategy consists of three buckets: Dividend Growth Investing, High Income (CEF investing), and Hedging (Rotational bucket). Backtesting results over 17 years show that the strategy has the potential to outperform the S&P 500, with lower drawdowns and volatility.

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Steve Eisman says the market is operating with unrealistic expectations from the Federal Reserve and expects far fewer rate cuts in 2024. The Big Short investor maintains bullishness over established companies benefitting from historic federal spending. We discuss two time-tested, monthly-pay CEFs from Mr. Eisman's top sectors.

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Reaves Utility Income Trust is a high-yielding closed-end fund focused on utilities. The fund has returned over 10% since my recommendation in October. However, the trade is a rebound trade that is mostly played out, and I am downgrading UTG to a hold. Warren Buffett's recent annual letter raises concerns toward utility sector investments that readers should pay heed to.

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I am a fan of monthly dividends, because they provide income stability and slightly increase the speed of compounding. I highlight eight monthly dividend payers that I consider to be high-quality investments with sustainable payouts. Monthly dividends are great, but not at the expense of the quality of assets, management, and balance sheet. Those factors are more important.

These 8 Income Investments Pay Me Every Month

The article compares six funds that provide exposure to the Utilities sector. The Reaves Utility Income Fund aims to provide a high after-tax total return through dividend income and capital appreciation. UTG has a positive 5-year dividend growth rate, the largest market cap, and the highest average daily volume among the compared funds.

UTG: 8% Yielding Utilities CEF And High Yield Alternatives

Reaves Utility Income Trust has underperformed due to the significant Fed rate hikes, making its dividend yields relatively less attractive.

UTG: Don't Miss Buying This High-Quality, High-Yielding Utilities CEF

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The stock market is an incredible wealth builder for those with patience and long-term focus. We collect dividends through the seesaw and amplify our income through the art of compounding. Two monthly-pay closed-end funds to strengthen your financial flexibility in retirement – UTG and THW.

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I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

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Reaves Utility Income Trust and Cohen & Steers Infrastructure Fund are popular utility closed-end funds with large market capitalizations. Both yield a similar amount. We go over the things you need to consider before purchasing one of these today.

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Where I would prioritize my investments in 2024 to achieve strong returns. We look at two key areas in the market that deserve focus. The big question for investors: What will happen with interest rates?

This Is How I Am Investing $100,000 In 2024

Reaves Utility Income Trust is a closed-end fund that primarily invests in utility and communication services companies, offering high income and reasonable potential. For nearly 20 years of its existence, it has offered nearly 9% of annualized total returns, never cut its distributions, and is currently paying 8.5% in distribution income. We believe it is an excellent fund for income investors; we would rate the fund as a "buy." However, it may be better to dollar-cost-average the buy as the fund is offering no discount currently.

UTG: Buy It Before The Up-Cycle Starts

DENVER, CO / ACCESSWIRE / December 15, 2023 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 5, 2023, the Fund's market price was $26.65 per share and its net asset value was $26.56 per share.

Reaves Utility Income Fund Announces Regular Monthly Distributions Of $0.19 Per Share

Reaves Utility Income Trust is a solid closed-end fund that has been able to deliver consistent distributions to its investors since its launch. UTG's performance has been impacted negatively by higher interest rates in more recent years, but with rates receding, it could turn into a tailwind. The fund's distribution has been steadily increasing, and while utility performance has been lackluster, I don't believe we are in danger territory in regard to a cut in the distribution.

UTG: Solid Utility Fund For Income-Oriented Investors

Many equity investors are patiently waiting and hoping for a recovery. Utility stocks in particular have been beaten down and UTF and UTG may be good vehicles for participating in the uptick when it finally comes. In the meantime, enjoy their generous distributions, but reinvest them if you want to fully maintain your capital.

UTG And UTF: Enjoy The Recovery, But Don't Keep The Cash

Data for suggesting buy levels for closed-end funds (CEFs), using traditional approaches such as discounts to Net Asset Value and Z-scores, are limited due to arbitrary time frames. Using standard deviation channels on price for meaningful market periods can provide a better visualization of when a CEF is a good buy. Using 15 year, post-Great Recession SD channels, both UTG and RQI are trading at favorable prices.

News for Reaves Utility Income Fund ETF (UTG)