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.

Utilities were performing well through 2022 before succumbing to the plunges, just as most other sectors have experienced this year. Since declining, the rest of July provided a nice rally to push utilities back into slightly positive territory.

UTG: A Wild Ride But Steady Income, ~7% Distribution Yield

DENVER , July 11, 2022 /PRNewswire/ -- 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 July 6, 2022, the Fund's market price was $30.92 per share and its net asset value was $30.93 per share.

THE REAVES UTILITY INCOME FUND ANNOUNCES REGULAR MONTHLY DIVIDEND OF $0.19 PER SHARE

UTG is a Utilities-focused CEF yielding 7.3% that pays monthly. The Utilities sector is the 2nd-leading sector so far in 2022.

UTG: 7% Yield, Defensive Utilities CEF, Monthly Payer

BlackRock Utilities Infrastructure & Power Opportunities Trust

Markets present you with choices and sometimes they can be gifts. While we thought utilities had got overvalued, we did not expect such a rapid reset.

UTG Moves To Hold, BUI To A Buy

BlackRock Innovation & Growth Trust

John Hancock Financial Opportunities Fund

DoubleLine Yield Opportunities Fund

Special Opportunities Fund Inc

The market has remained volatile as we have been experiencing through 2022. In fact, the major indexes have been reaching new lows as we went through April.

5 Closed-End Funds Bought In April 2022

UTG yields 6.55% and pays monthly. It has outperformed the S&P over the past month, half year, and so far in 2022, but is still selling at a discount to NAV.

UTG: 6.5% Yield, Monthly Pay Defensive Play

Franklin Universal

Tortoise Energy Independence Fund, Inc.

Neuberger Berman MLP Income Fund, Inc.

Salient Midstream & MLP Fund

Tortoise Energy Infrastructure

For the first month in three, equity CEFs on average witnessed positive returns, rising 1.91% on an NAV basis for March.

The Month In Closed-End Funds: March 2022

We have generally held utilities in high esteem as they showed a reasonable promise of returns alongside decent valuation.

UTG Moves To A Sell, BUI To A Hold

Aberdeen Standard Global Infr Inc Fd

DNP Select Income Fund Inc

Duff & Phelps Global Utility Income Fund Inc

Gabelli Global Utility & Income Trust

Gabelli Utility Trust

MainStay CBRE Global Infrastructure Megatrends Fund

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

Macquarie Global Infrastructure Total Return Fund Inc

Cohen & Steers Infrastructure Fund Inc

Utilities Select Sector SPDR Fund

Several of the utility/infrastructure funds in the CEF space are pretty popular. The utility and infrastructure space can be a good fit for a CEF portfolio, providing steady income through regular cash flow due to being necessary for everyday life.

Closed-End Funds: A Check On The Utility/Infrastructure Space

Two weeks ago we gave a sell rating for the Utilities sector. So far, this has proven to be spot on. Nonetheless, one of the readers of the original article has asked us whether two utility (closed-end) funds can, perhaps, make the cut.

BUI Vs. UTG: Looking For A Diamond Fund In The Utility Rough

UTG yields 6.78%. It pays monthly, going ex-dividend next in mid-February. It owns utilities, including renewables, and data centers, media, railway and roads, and telecoms.

UTG: 6.7% Yield, Monthly Dividends, Defensive Play

Calamos Dynamic Convertible & Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Guggenheim Strategic Opportunities Fund

John Hancock Tax-Advantaged Dividend Income Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Cohen & Steers Quality Income Realty Fund

NAV performance, discount on NAV, and leverage constitute the three main parameters of my rule of thumb to select funds for a long-term CEF portfolio.

CEF Focus Investing: 'Everything You Always Wanted To Know About Total Return'

Utilities have been bringing up the rear in terms of sector performance throughout most of 2021. There are real concerns with inflation ticking higher that earnings will come under pressure as costs might not be entirely offset.

UTG: Utilities Are The Laggards, Buy Them Now

Ares Capital

Charter Communications

Southern Company

AT&T

Verizon

Today, your idle cash is yielding minus 6.2% based on the latest inflation figures. The economy is booming, powered by massive government spending.

Your Cash Is Trash, 2 Big Dividends That Won't Stop Growing

UTG is a closed end fund with a utilities focused portfolio. Established in 2004, the fund has a 15-year history of monthly distributions which have increased since inception.

UTG: Monthly Income And Solid Total Return

abrdn Life Sciences Investors 

The market frequently offers securities on sale, you need to find them! As technology makes buying easier, it's made selling irrationally easier too.

Bargain Alert! 2 High Yield Funds To Buy Now

Enterprise Products Partners

Liberty All Star Equity Fund

Land just isn't that exciting anymore. But countless Millionaires have been "Land Barons". Owning land and owning dividend stocks can provide similar benefits.

Bill Gates Buys Farmland, We Buy Income

Blackrock Health Sciences Trust

GGM Macro Alignment ETF

Guggenheim Enhanced Equity Income Fund

Pimco Income Opportunity Fund

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

Closed-End Funds: Revisiting The Funds That Have Never Cut Distributions And Have An Inception Pre-2008

2 Big Dividends To Send Your Income Soaring This October 2021

DoubleLine Income Solutions Fund

In the years since I first discovered CEFs, I have focused on formulating the best selection criteria for building a portfolio of reliable securities over time. I have developed a personal rule of thumb for long-term CEF investing, obtained by the flexible combination of three basic parameters: positive NAV since inception, discount on NAV, and leverage.

A Rule Of Thumb For Long-Term CEF Investing

Eaton Vance Short Duration Diversified Income Fund

Clough Global Equity Fund

Clough Global Dividend and Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

Cohen & Steers Reit And Preferred Income Fund Inc

Financial Select Sector SPDR Fund

There is no "one size fits all" approach to when to sell, much like investing, in general.

No Easy Answer When It Comes Time To Sell A Closed-End Fund

UTG is a closed end fund yielding 6.32%. Management raised its monthly distribution in July.

UTG: 6% Yielding Utilities Fund, Raised Monthly Payout

Credit Suisse X-Links Gold Shares Covered Call ETN

JPMorgan Equity Premium Income ETF

Nationwide Risk-Managed Income ETF

Invesco CEF Income Composite ETF

Global X NASDAQ 100 Covered Call ETF

Global X Russell 2000 Covered Call ETF

Global X Superdividend ETF

Credit Suisse X-Links Silver Shares Covered Call ETN

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Global X S&P 500 Covered Call ETF

YieldShares High Income ETF

If rationality is the winning weapon of the Capricorn, I hope it will help me in the field of finance, preventing me from acting on impulse in the short term. One of my recent decisions was to reduce my Cupolone Income Portfolio to 12 CEFs by liquidating my entire position in RNP.

My Income Portfolio - Opinions Of A Capricorn

The latest Semi-Annual Report is now available for the period ending April 30, 2021. UTG is my fourth largest holding, so I have high conviction in the name.

UTG: An Impressive ~6.3% Distribution Yield With An Attractive Track Record

Saba Closed-End Funds ETF

Navistar

The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.

News for Reaves Utility Income Fund ETF (UTG)