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UTG Reaves Utility Income Fund — distribution yield, history & ex-dividend dates

New York Stock Exchange American· Monthly distribution· Closed-End Fund

$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
Last Distribution$0.2100Paid Aug 31, 2026
Forward Annual$2.52
FrequencyMonthly
Last Ex-DateAug 18, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateSep 17, 2026$0.2100, declared Jun 23, 2026The ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.
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.A.F.E. is our quick durability read on a dividend — the same four-check test used across the screener and our ranked lists. Solid: a model rank of 70+ and a yield of 2%+; the rank weighs the trailing-twelve-month payout ratio, return on equity and price-to-book. Accelerating: the dividend has grown over time, not stalled. Flawless: an unbroken record with no cuts or suspensions. Enduring: a long enough paying history to weather a cycle. All four met earns the S.A.F.E. flag.
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.
Last Ex-DateAug 18, 2026Paid Aug 31, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateSep 17, 2026Pays Sep 30, 2026; declaredThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

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 upcoming, declared 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.

TickerNameYield5-Yr GrowthStreakRank
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

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 declared ex-dividend date 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.

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