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.

UTG underperformed XLU, a common benchmark applied to this actively managed closed-end fund. However, UTG is much more than XLU, so the lag here isn't too concerning for me in the longer term.

UTG: Steady Distribution For The Long-Term Investor

Reaves Utility Income is a premier monthly paying CEF with a 7.5% yield. The fund has never cut its monthly payout, has raised it 12 times since inception, and does not use the return of capital.

UTG: I'm Buying This Monthly Paying Utilities Fund

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Despite market action, Warren Buffett is a persistent buyer of quality at discounted prices. Markets don't operate logically. Shying away from securities during weak markets will cost you dearly.

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UTG yields 7.92% and pays monthly. Its total return has outperformed the S&P over the past year and most recent trading quarter.

UTG: 8% Yield On Utilities, Monthly Payer

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Life happens in cycles all around us. Monthly dividends are superior to quarterly dividends or annual dividends in many ways.

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DENVER, CO / ACCESSWIRE / December 16, 2022 / The Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, dividends 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 12, 2022, the Fund's market price was $30.02 per share and its net asset value was $30.20 per share.

Reaves Utility Income Fund Dividend Declaration

Reaves Utility Income Fund likely formed its significant bottom in October, despite the massive pessimism in Wall Street and the media. Also, analysts marked down their estimates through November. We highlighted that the panic in UTG had started in our previous article. We now discuss why it has likely bottomed out even though a recession has yet to hit.

UTG: Likely Already Bottomed - Buy On Pullbacks

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / November 30, 2022 / 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 18, 2022. 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

The UTG fund invests primarily in defensive utilities. It has a 7.9% current distribution yield.

UTG: Remain Cautious But Relative Outlook Is Improving

UTG is a Utilities-focused CEF yielding 8.2% that pays monthly. The Utilities sector remains the 2nd leading sector so far in 2022.

UTG: 8% Yield, Outperforming Utilities Monthly Payer

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Ten months of this troubling 2022 have passed, and my overall portfolio is beginning to take its final shape. Some positions have long since been completed, while for others, I am taking small acquisition steps each time the market turns downward.

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The volatility had continued since earlier this year when we last looked at my top ten CEFs. With closed-end fund discounts widening, there seem to be more opportunities in the space overall.

My Top 10 Closed-End Fund Holdings: October 2022

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While vanilla investors worry along with the herd, we contrarians are buying.

Wall Street Is Jam-Packed With 8%+ Fire-Sale Dividends

UTG is a closed-end fund that mainly invests in utility companies. It has fallen nearly 26% from its August highs as the market priced in recessionary headwinds. We gleaned that the valuations of its leading holdings were too expensive in August and not sustainable. Moreover, we explain why utility analysts are still overly-optimistic.

UTG: The Panic Has Started

DENVER, CO / ACCESSWIRE / October 10, 2022 / The ReavesUtility Income Fund (NYSE American:UTG) announced today the next three, monthly, dividends 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 6, 2022, the Fund's market price was $26.70 per share and its net asset value was $26.72 per share.

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

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Credit asset classes (corporate loans, high yield bonds, etc.) pay investors interest (i.e. real cash). So even when all assets (stocks, bonds, etc.) are dropping in price, funds that hold credit assets keep cranking out the cash to pay distributions.

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All investments compete against each other and the risk-free rate. While we don't consider the utilities sector particularly attractive, there are always opportunities to make a buck.

DNP And UTG: A Switch Makes Sense

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Are you getting sick of this tug-of-war between inflation and recession worries? Steady dividends pay you to wait patiently and resist the urge to make bad decisions.

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Many investors misunderstand the difference between closed-end funds' distribution yields and their actual dividend yield. The popular UTG utility CEF has a 2% yield and returns around 5% per year in the capital, giving it a ~7% "distribution yield."

UTG's 2.1% Dividend Yield Is Not High Enough Given Utility Risks

UTG invests primarily in defensive utility companies. It has a current distribution yield of 7.1%.

UTG: Rising Rates A Headwind

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER , Aug. 31, 2022 /PRNewswire/ -- On August 31, 2022, 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 August 19, 2022. 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

Closed-End Funds can offer some very attractive distribution payments, but they also come in a wide variety of shapes and sizes. We review the popular Reaves Utility Income Fund, UTG, including a discussion of pros and cons.

News for Reaves Utility Income Fund ETF (UTG)