Reaves Utility Income Fund
UTGFinancial Services · Stock · monthly payer
Forward Yield
7.15%
Annual Dividend
$2.52
Payout Ratio
17%
5-Yr Growth
1.7%
Ex-Date
Sep 17, 2026
Frequency
Monthly
Summary
As of September 2026, Reaves Utility Income Fund (UTG) yields 7.15% ($2.52 per share annually), with a blended fair-value estimate of $41.67 — +16% upside, so it screens as undervalued. Dividend safety grade: A (97/100). 1 years of dividend growth.
Is UTG a good dividend stock?
YesReaves Utility Income Fund (UTG) pays a monthly dividend yielding 7.15% ($2.52/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (17%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 7.15%
- Payout Ratio
- 17%
- Annual Dividend
- $2.52
- 5-Yr Avg Growth
- 1.7%
- Ex-Dividend Date
- Sep 17, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.86
- Market Cap
- $3.2B
- P/E Ratio
- 2.5
- 5-Yr Total Return
- 6%
- 52-Week Range
- $35.81 – $43.90
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
UTG Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
+46%
5 Years
+6%
52-Week Range
$35.81 – $43.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UTG worth?
Undervaluedlow confidenceOur blended fair-value estimate for Reaves Utility Income Fund is $41.67 per share, versus a market price of $35.95. That implies 16% of upside — a margin of safety of about 14%.
Fair Value
$41.67
Current Price
$35.95
Upside
+16%
Margin of Safety
14%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 2.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.6% discount rate (CAPM), 2.1% stage-1 growth, 2.5% terminal growth, $13.81 EPS, $2.52 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UTG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full UTG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 17, 2026 | — | $0.2100 | regular |
| Aug 18, 2026 | — | $0.2100 | regular |
| Jul 17, 2026 | — | $0.2100 | regular |
| Jun 17, 2026 | — | $0.2000 | regular |
| May 18, 2026 | — | $0.2000 | regular |
| Apr 17, 2026 | — | $0.2000 | regular |
| Mar 18, 2026 | — | $0.2000 | regular |
| Feb 18, 2026 | — | $0.2000 | regular |
| Dec 31, 2025 | — | $0.2000 | regular |
| Dec 17, 2025 | — | $0.2000 | regular |
| Nov 17, 2025 | — | $0.2000 | regular |
| Oct 17, 2025 | — | $0.2000 | regular |
| Sep 17, 2025 | — | $0.2000 | regular |
| Aug 18, 2025 | — | $0.2000 | regular |
Income Calculator
At $2.52 / yr per share
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