UTG Reaves Utility Income Fund — distribution yield, history & ex-dividend dates
$37.86
▲
$0.05(0.13%)
as of Sep 14, 2026 03:06 UTC
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Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.
Distribution Snapshot
StatusGrowing
Latest Distribution$0.2100
Forward Annual$2.52
FrequencyMonthly
Last Ex-DateSep 17, 2026
Next Ex-DateSep 17, 2026
Next Pay DateSep 30, 2026
1-Yr Growth-4.9%Annual totals, 2024–2025
10-Yr Growth2.6%Annual totals, 2015–2025
Key Metrics
Distribution Yield
6.66%
At the Sep 14, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$2.5200
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
76.3
As of Sep 14, 2026
Our 0-100 house score blending yield quality, payout sustainability (the trailing-twelve-month payout ratio), profitability (TTM return on equity), valuation (TTM price-to-book) and payment reliability, recomputed daily. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
42
As of Sep 14, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$36.05 – $43.66
Closes through Sep 11, 2026
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
22
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
0.86
Price as of Sep 14, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
S
Solid
Meets the Solid check — a strong overall profile (model rank 76/100, yield 6.66%).
A
Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F
Flawless
No dividend cut in the available payment record.
E
Enduring
22 years of dividend payments on record.
Quote & Key Data
ExchangeNew York Stock Exchange AmericanThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume244,900Sep 11, 2026 sessionHow many shares changed hands in the latest session — a rough read on trading activity.
Open$38.08Sep 11, 2026 sessionThe price at the start of the latest trading session.
Day Range$37.81 – $38.28Sep 11, 2026 sessionThe lowest and highest price during the latest trading session.
Prev Close$37.81Close of Sep 10, 2026The closing price from the previous trading session.
Market Cap$3.46BAs of Sep 14, 2026The company's total market value — share price times shares outstanding — on the date shown.
Shares Out91.43MImplied by market cap, Sep 14, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPSn/aEarnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/En/aPrice-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Ex-DistributionSep 17, 2026Buy before this date to receive the upcoming payment. Buy on or after it and the seller keeps that one.
Pay DateSep 30, 2026The date the dividend is actually paid into shareholders' accounts.
Distribution Growth
3-Yr Growth (CAGR)1.0%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
5-Yr Growth (CAGR)1.7%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
Consecutive Increases0 yrsAnnual totals through 2025The number of years in a row the dividend has increased — a track record of reliability.
Why the Yield Moved (90 Days)
UTG's distribution yield rose from 5.72% to 6.66% over the past ~90 days (+0.94 pp). Of that move, +0.32 pp came from changes in the distribution rate and +0.62 pp from the share price ($41.96 on Jun 16, 2026 → $37.86 on Sep 14, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Current6.66%
1-Yr Average6.14%
Low / High5.50% – 6.71%
Percentile97%
Across 294 daily observations over the past 15 months (through Sep 11, 2026), UTG's current yield is higher than approximately 97% of them. Our stored price history for UTG covers the past 15 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.2100 M | Regular | Jun 23, 2026 | Sep 17, 2026 | Sep 17, 2026 | Sep 30, 2026 |
| $0.2100 M | Regular | Jun 23, 2026 | Aug 18, 2026 | Aug 18, 2026 | Aug 31, 2026 |
| $0.2100 M | Regular | Jun 23, 2026 | Jul 17, 2026 | Jul 17, 2026 | Jul 31, 2026 |
| $0.2000 M | Regular | Apr 07, 2026 | Jun 17, 2026 | Jun 17, 2026 | Jun 30, 2026 |
| $0.2000 M | Regular | Apr 07, 2026 | May 18, 2026 | May 18, 2026 | May 29, 2026 |
| $0.2000 M | Regular | Apr 07, 2026 | Apr 17, 2026 | Apr 17, 2026 | Apr 30, 2026 |
| $0.2000 M | Regular | Dec 16, 2025 | Mar 18, 2026 | Mar 18, 2026 | Mar 31, 2026 |
| $0.2000 M | Regular | Dec 16, 2025 | Feb 18, 2026 | Feb 18, 2026 | Feb 27, 2026 |
| $0.2000 I | Regular | Dec 16, 2025 | Dec 31, 2025 | Dec 31, 2025 | Jan 16, 2026 |
| $0.2000 M | Regular | Oct 07, 2025 | Dec 17, 2025 | Dec 17, 2025 | Dec 30, 2025 |
| $0.2000 M | Regular | Oct 07, 2025 | Nov 17, 2025 | Nov 17, 2025 | Nov 28, 2025 |
| $0.2000 M | Regular | Oct 07, 2025 | Oct 17, 2025 | Oct 17, 2025 | Oct 31, 2025 |
| $0.2000 M | Regular | Jun 23, 2025 | Sep 17, 2025 | Sep 17, 2025 | Sep 30, 2025 |
| $0.2000 M | Regular | Jun 23, 2025 | Aug 18, 2025 | Aug 18, 2025 | Aug 29, 2025 |
| $0.2000 M | Regular | Jun 23, 2025 | Jul 18, 2025 | Jul 18, 2025 | Jul 31, 2025 |
| $0.1900 M | Regular | Apr 07, 2025 | Jun 17, 2025 | Jun 17, 2025 | Jun 30, 2025 |
| $0.1900 M | Regular | Apr 07, 2025 | May 19, 2025 | May 19, 2025 | May 30, 2025 |
| $0.1900 M | Regular | Apr 07, 2025 | Apr 17, 2025 | Apr 17, 2025 | Apr 30, 2025 |
| $0.1900 M | Regular | Dec 16, 2024 | Mar 18, 2025 | Mar 18, 2025 | Mar 31, 2025 |
| $0.1900 M | Regular | Dec 16, 2024 | Feb 18, 2025 | Feb 18, 2025 | Feb 28, 2025 |
| $0.1900 I | Regular | Dec 16, 2024 | Dec 31, 2024 | Dec 31, 2024 | Jan 17, 2025 |
| $0.1900 M | Regular | Oct 07, 2024 | Dec 16, 2024 | Dec 16, 2024 | Dec 30, 2024 |
| $0.1900 M | Regular | Oct 07, 2024 | Nov 15, 2024 | Nov 15, 2024 | Nov 29, 2024 |
| $0.1900 M | Regular | Oct 07, 2024 | Oct 18, 2024 | Oct 18, 2024 | Oct 31, 2024 |
| $0.1900 M | Regular | Jul 09, 2024 | Sep 17, 2024 | Sep 17, 2024 | Sep 30, 2024 |
| $0.1900 M | Regular | Jul 09, 2024 | Aug 16, 2024 | Aug 16, 2024 | Aug 30, 2024 |
| $0.1900 M | Regular | Jul 09, 2024 | Jul 19, 2024 | Jul 19, 2024 | Jul 31, 2024 |
| $0.1900 I | Regular | Apr 05, 2024 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 |
| $0.1900 M | Regular | - | Jun 14, 2024 | Jun 17, 2024 | Jun 28, 2024 |
| $0.1900 M | Regular | Apr 05, 2024 | May 16, 2024 | May 17, 2024 | May 31, 2024 |
| $0.1900 M | Regular | Apr 05, 2024 | Apr 18, 2024 | Apr 19, 2024 | Apr 30, 2024 |
| $0.1900 M | Regular | Dec 15, 2023 | Mar 14, 2024 | Mar 15, 2024 | Mar 28, 2024 |
| $0.1900 M | Regular | Dec 15, 2023 | Feb 15, 2024 | Feb 16, 2024 | Feb 29, 2024 |
| $0.1900 I | Regular | Dec 15, 2023 | Dec 28, 2023 | Dec 29, 2023 | Jan 17, 2024 |
| $0.1900 M | Regular | Oct 06, 2023 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 |
| $0.1900 M | Regular | Oct 06, 2023 | Nov 15, 2023 | Nov 16, 2023 | Nov 30, 2023 |
| $0.1900 M | Regular | Oct 06, 2023 | Oct 19, 2023 | Oct 20, 2023 | Oct 31, 2023 |
| $0.1900 M | Regular | Jul 10, 2023 | Sep 18, 2023 | Sep 19, 2023 | Sep 29, 2023 |
| $0.1900 M | Regular | Jul 10, 2023 | Aug 17, 2023 | Aug 18, 2023 | Aug 31, 2023 |
| $0.1900 M | Regular | Jul 10, 2023 | Jul 20, 2023 | Jul 21, 2023 | Jul 31, 2023 |
| $0.1900 M | Regular | Apr 06, 2023 | Jun 15, 2023 | Jun 16, 2023 | Jun 30, 2023 |
| $0.1900 M | Regular | Apr 06, 2023 | May 17, 2023 | May 18, 2023 | May 31, 2023 |
| $0.1900 M | Regular | Apr 06, 2023 | Apr 18, 2023 | Apr 19, 2023 | Apr 28, 2023 |
| $0.1900 M | Regular | Dec 16, 2022 | Mar 16, 2023 | Mar 17, 2023 | Mar 31, 2023 |
| $0.1900 M | Regular | Dec 16, 2022 | Feb 15, 2023 | Feb 16, 2023 | Feb 28, 2023 |
| $0.1900 I | Regular | Dec 16, 2022 | Dec 29, 2022 | Dec 30, 2022 | Jan 17, 2023 |
| $0.1900 M | Regular | Oct 10, 2022 | Dec 15, 2022 | Dec 16, 2022 | Dec 30, 2022 |
| $0.1900 M | Regular | Oct 10, 2022 | Nov 17, 2022 | Nov 18, 2022 | Nov 30, 2022 |
| $0.1900 M | Regular | Oct 10, 2022 | Oct 21, 2022 | Oct 24, 2022 | Oct 31, 2022 |
| $0.1900 M | Regular | Jul 11, 2022 | Sep 19, 2022 | Sep 20, 2022 | Sep 30, 2022 |
| $0.1900 M | Regular | Jul 11, 2022 | Aug 18, 2022 | Aug 19, 2022 | Aug 31, 2022 |
| $0.1900 M | Regular | Jul 11, 2022 | Jul 21, 2022 | Jul 22, 2022 | Jul 29, 2022 |
| $0.1900 M | Regular | Apr 11, 2022 | Jun 16, 2022 | Jun 17, 2022 | Jun 30, 2022 |
| $0.1900 M | Regular | Apr 11, 2022 | May 18, 2022 | May 19, 2022 | May 31, 2022 |
| $0.1900 M | Regular | Apr 11, 2022 | Apr 21, 2022 | Apr 22, 2022 | Apr 29, 2022 |
| $0.1900 M | Regular | Dec 17, 2021 | Mar 17, 2022 | Mar 18, 2022 | Mar 31, 2022 |
| $0.1900 M | Regular | Dec 17, 2021 | Feb 17, 2022 | Feb 18, 2022 | Feb 28, 2022 |
| $0.1900 I | Regular | Dec 17, 2021 | Dec 30, 2021 | Dec 31, 2021 | Jan 14, 2022 |
| $0.1900 M | Regular | Oct 07, 2021 | Dec 16, 2021 | Dec 17, 2021 | Dec 30, 2021 |
| $0.1900 M | Regular | Oct 07, 2021 | Nov 16, 2021 | Nov 17, 2021 | Nov 30, 2021 |
| $0.1900 M | Regular | Oct 07, 2021 | Oct 19, 2021 | Oct 20, 2021 | Oct 29, 2021 |
| $0.1900 M | Regular | Jun 21, 2021 | Sep 16, 2021 | Sep 17, 2021 | Sep 30, 2021 |
| $0.1900 M | Regular | Jun 21, 2021 | Aug 19, 2021 | Aug 20, 2021 | Aug 31, 2021 |
| $0.1900 M | Regular | Jun 21, 2021 | Jul 22, 2021 | Jul 23, 2021 | Jul 30, 2021 |
| $0.1800 M | Regular | Apr 09, 2021 | Jun 17, 2021 | Jun 18, 2021 | Jun 30, 2021 |
| $0.1800 M | Regular | Apr 09, 2021 | May 18, 2021 | May 19, 2021 | May 28, 2021 |
| $0.1800 M | Regular | Apr 09, 2021 | Apr 22, 2021 | Apr 23, 2021 | Apr 30, 2021 |
| $0.1800 M | Regular | Dec 16, 2020 | Mar 18, 2021 | Mar 19, 2021 | Mar 31, 2021 |
| $0.1800 M | Regular | Dec 16, 2020 | Feb 16, 2021 | Feb 17, 2021 | Feb 26, 2021 |
| $0.1800 I | Regular | Dec 16, 2020 | Dec 30, 2020 | Dec 31, 2020 | Jan 15, 2021 |
| $0.1800 M | Regular | Oct 08, 2020 | Dec 17, 2020 | Dec 18, 2020 | Dec 31, 2020 |
| $0.1800 M | Regular | Oct 08, 2020 | Nov 16, 2020 | Nov 17, 2020 | Nov 30, 2020 |
| $0.1800 M | Regular | Oct 08, 2020 | Oct 19, 2020 | Oct 20, 2020 | Oct 30, 2020 |
| $0.1800 M | Regular | Jul 13, 2020 | Sep 17, 2020 | Sep 18, 2020 | Sep 30, 2020 |
| $0.1800 M | Regular | Jul 13, 2020 | Aug 20, 2020 | Aug 21, 2020 | Aug 31, 2020 |
| $0.1800 M | Regular | Jul 13, 2020 | Jul 23, 2020 | Jul 24, 2020 | Jul 31, 2020 |
| $0.1800 M | Regular | Apr 06, 2020 | Jun 18, 2020 | Jun 19, 2020 | Jun 30, 2020 |
| $0.1800 M | Regular | Apr 06, 2020 | May 18, 2020 | May 19, 2020 | May 29, 2020 |
| $0.1800 M | Regular | Apr 06, 2020 | Apr 17, 2020 | Apr 20, 2020 | Apr 30, 2020 |
| $0.1800 M | Regular | Dec 18, 2019 | Mar 19, 2020 | Mar 20, 2020 | Mar 31, 2020 |
| $0.1800 M | Regular | Dec 18, 2019 | Feb 13, 2020 | Feb 14, 2020 | Feb 28, 2020 |
| $0.1800 I | Regular | Dec 18, 2019 | Dec 30, 2019 | Dec 31, 2019 | Jan 16, 2020 |
| $0.1800 M | Regular | Oct 10, 2019 | Dec 18, 2019 | Dec 19, 2019 | Dec 31, 2019 |
| $0.1800 M | Regular | Oct 10, 2019 | Nov 14, 2019 | Nov 15, 2019 | Nov 27, 2019 |
| $0.1800 M | Regular | Oct 10, 2019 | Oct 21, 2019 | Oct 22, 2019 | Oct 31, 2019 |
| $0.1800 M | Regular | Jun 17, 2019 | Sep 19, 2019 | Sep 20, 2019 | Sep 30, 2019 |
| $0.1800 M | Regular | Jun 17, 2019 | Aug 20, 2019 | Aug 21, 2019 | Aug 30, 2019 |
| $0.1800 M | Regular | Jun 17, 2019 | Jul 22, 2019 | Jul 23, 2019 | Jul 31, 2019 |
| $0.1700 M | Regular | Apr 09, 2019 | Jun 17, 2019 | Jun 18, 2019 | Jun 28, 2019 |
| $0.1700 M | Regular | Apr 09, 2019 | May 20, 2019 | May 21, 2019 | May 31, 2019 |
| $0.1700 M | Regular | Apr 09, 2019 | Apr 18, 2019 | Apr 22, 2019 | Apr 30, 2019 |
| $0.1700 M | Regular | Dec 19, 2018 | Mar 19, 2019 | Mar 20, 2019 | Mar 29, 2019 |
| $0.1700 I | Regular | Dec 19, 2018 | Feb 14, 2019 | Feb 15, 2019 | Feb 28, 2019 |
| $0.1700 I | Regular | Dec 19, 2018 | Dec 28, 2018 | Dec 31, 2018 | Jan 16, 2019 |
| $0.1700 M | Regular | Oct 10, 2018 | Dec 17, 2018 | Dec 18, 2018 | Dec 31, 2018 |
| $0.1700 M | Regular | Oct 10, 2018 | Nov 16, 2018 | Nov 19, 2018 | Nov 30, 2018 |
| $0.1700 M | Regular | Oct 10, 2018 | Oct 19, 2018 | Oct 22, 2018 | Oct 31, 2018 |
| $0.1700 M | Regular | Jul 10, 2018 | Sep 19, 2018 | Sep 20, 2018 | Sep 28, 2018 |
| $0.1700 M | Regular | Jul 10, 2018 | Aug 20, 2018 | Aug 21, 2018 | Aug 31, 2018 |
| $0.1700 M | Regular | Jul 10, 2018 | Jul 19, 2018 | Jul 20, 2018 | Jul 31, 2018 |
| $0.1700 M | Regular | Mar 15, 2018 | Jun 18, 2018 | Jun 19, 2018 | Jun 29, 2018 |
| $0.1700 M | Regular | Mar 15, 2018 | May 21, 2018 | May 22, 2018 | May 31, 2018 |
| $0.1700 M | Regular | Mar 15, 2018 | Apr 19, 2018 | Apr 20, 2018 | Apr 30, 2018 |
| $0.1600 M | Regular | Dec 18, 2017 | Mar 19, 2018 | Mar 20, 2018 | Mar 29, 2018 |
| $0.1600 I | Regular | Dec 18, 2017 | Feb 15, 2018 | Feb 16, 2018 | Feb 28, 2018 |
| $0.1600 I | Regular | Dec 18, 2017 | Dec 28, 2017 | Dec 29, 2017 | Jan 16, 2018 |
| $0.1600 M | Regular | Oct 13, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 29, 2017 |
| $0.1600 M | Regular | Oct 13, 2017 | Nov 16, 2017 | Nov 17, 2017 | Nov 30, 2017 |
| $0.1600 M | Regular | Oct 13, 2017 | Oct 23, 2017 | Oct 24, 2017 | Oct 31, 2017 |
| $0.1600 M | Regular | Jul 07, 2017 | Sep 19, 2017 | Sep 20, 2017 | Sep 29, 2017 |
| $0.1600 M | Regular | Jul 07, 2017 | Aug 16, 2017 | Aug 18, 2017 | Aug 31, 2017 |
| $0.1600 M | Regular | Jul 07, 2017 | Jul 17, 2017 | Jul 19, 2017 | Jul 31, 2017 |
| $0.1600 M | Regular | Apr 07, 2017 | Jun 14, 2017 | Jun 16, 2017 | Jun 30, 2017 |
| $0.1600 M | Regular | Apr 07, 2017 | May 17, 2017 | May 19, 2017 | May 31, 2017 |
| $0.1600 M | Regular | Apr 07, 2017 | Apr 18, 2017 | Apr 20, 2017 | Apr 28, 2017 |
| $0.1600 M | Regular | Dec 20, 2016 | Mar 20, 2017 | Mar 22, 2017 | Mar 31, 2017 |
| $0.1600 I | Regular | Dec 20, 2016 | Feb 15, 2017 | Feb 17, 2017 | Feb 28, 2017 |
| $1.0800 I | Regular | Dec 20, 2016 | Dec 28, 2016 | Dec 30, 2016 | Jan 13, 2017 |
| $0.1600 M | Regular | Oct 05, 2016 | Dec 14, 2016 | Dec 16, 2016 | Dec 30, 2016 |
| $0.1600 M | Regular | Oct 05, 2016 | Nov 16, 2016 | Nov 18, 2016 | Nov 30, 2016 |
Peer Comparison
Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| ENI-UN.TO | Energy Income Fund | 5.02% | 0.0% | 0 yrs | 88 |
| SOR | Source Capital, Inc. | 5.42% | 8.8% | 0 yrs | 87 |
| MXF | The Mexico Fund, Inc. | 6.57% | 16.9% | 4 yrs | 85 |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 4.03% | 0.6% | 1 yr | 84 |
Related Guides & Lists
UTG dividend — frequently asked questions
Does Reaves Utility Income Fund pay a dividend?
Yes. Reaves Utility Income Fund (UTG) currently pays a dividend. The annualized dividend is about $2.52 per share, a yield of approximately 6.66%.
What is Reaves Utility Income Fund's dividend yield?
Reaves Utility Income Fund's dividend yield is approximately 6.66%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Reaves Utility Income Fund pay dividends?
Reaves Utility Income Fund pays dividends monthly — 12 times per year.
When is Reaves Utility Income Fund's next ex-dividend date?
The next ex-dividend date on record for Reaves Utility Income Fund is September 17, 2026. The associated payment is $0.2100 per share; you must own the shares before the ex-dividend date to receive it.
How long has Reaves Utility Income Fund paid dividends?
Reaves Utility Income Fund has 22 years of dividend payments on record.
Data updated Sep 14, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.