Reaves Utility Income Fund (UTG)
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UTG: Fed Just Provided More Fuel To Its Rally
Reaves Utility Income Trust investors have endured a challenging two years. Fed Chair Jerome Powell's recent congressional testimony suggests the worst is likely over. UTG's recovery momentum has been robust. The Fed's rate cuts could fuel UTG to rally further.
Reaves Utility Income Fund Announces Regular Monthly Distributions 0f $0.19 Per Share
DENVER, CO / ACCESSWIRE / July 9, 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 July 2, 2024, the Fund's market price was $27.16 per share and its net asset value was $26.86 per share.
Reaves Utility Income Fund Section 19(a) Notice
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / June 28, 2024 / On June 28, 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 June 17, 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.
UTG: A Monthly Distribution While Waiting For Continued Recovery
The utility sector has continued to face pressure with a higher rate environment still, but there has been a bit more promise lately with the sector rising. Reaves Utility Income Trust is a solid closed-end fund in the utility space with a history of raising distributions. UTG's distribution yield is currently at 8.32%, which I believe is attractive and sustainable.
This 8.1% Payer Is The ‘Morning Coffee' Of Dividends
When it comes right down to it, there are really only two ways to get rich:
Artificial Intelligence And Utilities, Whoda Thunk? Likely Beneficiary: UTG
UTG is starting to perk up, having had a rough couple of years as interest rates rose. Higher interest rates are likely to be included in utility rate bases going forward. Better yet, industry experts are pointing to the huge impact AI will have on demand for electrical power.
Billionaires Are Buying Infrastructure Hand-Over-Fist: UTG Vs. UTF
Leading billionaire investors are pouring billions of dollars into the infrastructure sector. There are many other tailwinds for the sector. We compare UTG and UTF to see which is the better buy today.
Reaves Utility Income Fund Section 19(a) Notice
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / May 31, 2024 / On May 31, 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 May 17, 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.
