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.

DENVER, CO / ACCESSWIRE / December 16, 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 December 9, 2024, the Fund's market price was $33.62 per share and its net asset value was $33.58 per share.

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

UTG has significantly outperformed the market since my last buy rating earlier this year. However, it has pulled back sharply over the past week. I revisit the fund to see if it is a good buy on the dip.

7%-Yielding Retirement Monthly Dividend: Is UTG A Buy On The Dip?

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Closed-End funds have been a source of significant upside and income in 2024. We have seen numerous distribution increases along with prices climbing. We look into the dynamics that have driven this strength.

CEFs Are Crushing It: How To Ride The 2024 Wave

Utilities sector CEFs such as Reaves Utility Income Trust offer a high yield, defensive income with professional management. The UTG closed-end fund boasts strong performance with a 29.7% YTD return and 35.7% 1-year return, outperforming the Utilities sector and S&P 500. This article details long and short-term performance, exposure to the Utilities sector, dividend growth, and yields for UTG and peers DPG, GUT, and MEGI.

UTG: 6%-Plus Yield On Utilities, Outperforming In 2024

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / November 29, 2024 / On November 29, 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 November 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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Many of us expected REITs to explode higher when the Fed would start to decrease interest rates. Rising long-term yields have quite quickly destroyed these expectations. In this article, I describe two indicators, which imply elevated risks for REITs. In my view, the risks are high for REITs to decline.

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Dividend-paying investments bring balance and resilience. Market conditions fluctuate, but dividends provide a steady cash flow that lets you seize new opportunities as they arise. Enjoy consistent dividends all year long, supporting long-term financial health and growth.

2 Fat Yields, Up To 7%, For Financial Freedom

Utility stocks have outperformed in 2024, driven by their durable 'hard assets' which offer investors long-tail value, inflation protection, and reduced competitive pressure. The Reaves Utility Income Trust is highly attractive due to its strong track record, high yield, and focus on utility and 'hard asset' investments. UTG's dual mandate aims for high income and total returns, and management has successfully produced just that since inception.

Reaves Utility Income: Your Portfolio Could Probably Use More 'Hard Assets'

UTG has appreciated 20.98% YTD, benefiting from increased energy demand driven by AI and tech sector growth, offering a 7% yield. Despite risks from potential rate hikes and high debt profiles of its holdings, UTG's diversified portfolio and historical performance make it a strong income investment. Economic conditions, including declining rates and increased CapEx spending by tech companies, set a bullish outlook for UTG into 2025.

UTG Can Keep Going Higher While Yielding Around 7%

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In this article, I explore the potential path on how one could achieve $10,000 of annual portfolio income in just a 5-year period by accumulating a capital base from zero. I provide a sample portfolio with specific investment picks, which warrant a portfolio weighted average yield of ~ 9.5%. I remain agnostic to price volatility, but focused on avoiding income cut. I hope that this article will provide a source of inspiration or ideas on how to enhance your income-driven portfolios.

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Love the utilities XLU ETF? Boost it with some UTG

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Closed-end funds offer a stable asset base and can invest in illiquid assets due to their fixed share structure. Reaves Utility Income Fund focuses on utilities, uses leverage, and has a strong historical return, making its 7% managed distribution sustainable. Eaton Vance Floating-Rate Income Trust invests in floating-rate senior loans, prioritizes high income, and currently covers its distribution with net investment income.

2 'Sleep Well At Night' CEFs Yielding 7% Or Higher

Reaves Utility Income Fund (UTG) has offered a stable distribution to investors, with what I believe is an attractive outlook to be able to continue that going forward. UTG has seen its shares run much higher since our last update, though it has only maintained the usual slight premium that it has seen for the past ~five years. Given the changing interest rate environment, that should continue to bode well for UTG as its borrowing costs start to ease.

UTG: Running Hot But Still An Attractive Long-Term Choice

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Accessing current income streams on a monthly basis brings several advantages, both at emotional and compound interest level. For prudent investors to capture durable income streams, there has to be a balance between high yield and defense. In this article, I present a sample portfolio that would require $153,000 of initial capital to access $1,000 in monthly income without assuming excessive financial risks.

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Closed-end funds or CEFs that offer high yields usually come with notable external leverage, and in some cases, even with investment positions that have above-average risk profiles. Yet, the current stance assumed by the Fed has opened a wide opportunity set in the CEF segment. In this article, I elaborate more on the CEF outlook and underscore critical criteria that have to be in place for high-yield investors to access truly sustainable distributions.

Happy Days For High-Yield CEF Investors

DENVER, CO / ACCESSWIRE / October 7, 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 October 1, 2024, the Fund's market price was $32.83 per share and its net asset value was $32.69 per share.

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

There are only so many hours you can work to earn those paychecks. Money is the only element that no time or energy limits on its earning potential. Build your passive income today, we discuss two time-tested picks to get started.

Make Money While You Sleep, 2 Dividends For A Retirement Dream

Reaves Utility Income Trust offers a 7% yield and monthly dividends, enhancing compounding and providing steady income for investors. UTG's diversified portfolio includes utilities, communication, real estate, energy, and industrial sectors, mitigating company-specific risks. UTG has consistently paid dividends since 2004 and may benefit from interest rate cuts and rising AI-driven energy demand.

UTG: Plug Into This 7% Monthly Dividend For Retirement Income

Utility stocks are highly sensitive to interest rates and often correlate with long-term bond prices, making them attractive as rates decline. UTG has recovered most losses since 2023, but its valuation remains high, with a significant portion of its distribution coming from capital gains. Utilities and gold are overvalued based on long-term real interest rate modeling; however, rates on long-term Treasury debt may be elevated due to increased monetary risk factors.

UTG: Utilities Are The New Gold As Real Rates Collapse (Rating Upgrade)

Brookfield Asset Management

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Utilities have underperformed the broader market since the beginning of 2023 due to a plethora of factors. However, that has begun to reverse and there are several reasons to believe this market reversal will continue. We share several attractive ways to gain exposure to this trend.

Very Good News For Utilities Stocks

Reaves Utility Income Trust operates as a closed end fund that provides diverse exposure to utilities and infrastructure. The fund offers a high dividend yield of 7.7% with distributions being paid monthly. UTG's stable price-to-NAV relationship and tax-efficient distributions enhance its appeal for various investment account types.

UTG: Positive Outlook Driven By Interest Rate Cuts

The investing environment has changed, consumer spending is declining, and rate cuts are expected. Reaves Utility Income Trust benefitted from low-rate environment, struggled in inflationary/high-rate environment. Upgrading UTG to hold, the utility industry likely to benefit from lower rates, UTG's leveraged model will benefit from a truncated rate cycle.

UTG: Should Benefit Significantly From What Likely Will Be Multiple Rate Cuts

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Whether during your career or in retirement, greater payment frequency brings flexibility in budgeting. Monthly dividends allow for quick reinvestment and efficient compounding. Three monthly paying securities were discussed with yields up to 12%.

I Love Monthly Income: 3 Buys Up To 12% Yields

The Reaves Utility Income Fund offers a big, steadily-growing, monthly-paid, tax-advantaged distribution (current yield is 8.2%). It also has an important tie-in with growing energy demand from datacenters and artificial intelligence (basically, cloud AI demands a lot of utility-company energy). In this report, we review the fund, its advantages (tax favorability, monetary policy impacts and data center AI tailwinds) as well as risks (expenses, leverage, price premium).

News for Reaves Utility Income Fund ETF (UTG)