Reaves Utility Income Fund
UTGFinancial Services · Asset Management · Stock · monthly payer
Forward Yield
6.89%
Annual Dividend
$2.52
Payout Ratio
17%
5-Yr Growth
1.7%
Ex-Date
Oct 19, 2026
Frequency
Monthly
Key facts about UTG's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, Reaves Utility Income Fund (UTG) has a forward dividend yield of 6.89%, based on an annual dividend of $2.52 per share and a share price of $36.60.
- As of Oct 8, 2026, UTG's dividend safety grade from SmarterDividends is A (97 out of 100), which rates the dividend as very safe.
- UTG has never cut its regular dividend in the payment history SmarterDividends has on record.
- UTG's next ex-dividend date is Oct 19, 2026, with payment on Sep 30, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 8, 2026, UTG pays out 17% of its trailing 12-month earnings as dividends (its payout ratio).
- UTG's dividend has grown at an average rate of 1.7% a year over the past five years.
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for UTG is $41.45 per share, 13% above the $36.60 share price, so UTG screens as fairly valued.
- Reaves Utility Income Fund (UTG) pays its dividend monthly, 12 times a year.
Cite this page
SmarterDividends, "UTG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 8, 2026, https://smarterdividends.com/stocks/UTG
Summary
As of Oct 8, 2026, Reaves Utility Income Fund (UTG) yields 6.89% ($2.52 a year per share) and has a dividend safety grade of A (97/100).
Is UTG a good dividend stock?
YesReaves Utility Income Fund (UTG) pays a monthly dividend yielding 6.89% ($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
- 6.89%
- Payout Ratio
- 17%
- Annual Dividend
- $2.52
- 5-Yr Avg Growth
- 1.7%
- Ex-Dividend Date
- Oct 19, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.85
- Market Cap
- $3.4B
- P/E Ratio
- 2.7
- 5-Yr Total Return
- 4%
- 52-Week Range
- $33.53 – $43.90
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
Is UTG a good dividend stock?
Yes. Reaves Utility Income Fund (UTG) pays a monthly dividend yielding 6.89% ($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.
Is UTG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, UTG's fair value is about $41.45 versus a $36.60 share price — so it looks fairly valued (+13% vs. fair value).
Is UTG's dividend safe?
UTG has a dividend-safety grade of A (97/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is UTG's fair value?
Our blended fair-value estimate for UTG is about $41.45 per share, roughly 13% above the current $36.60 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is UTG a buy, hold, or sell?
We don't issue formal ratings, but on the data UTG screens as "yes" and fairly valued. Reaves Utility Income Fund (UTG) pays a monthly dividend yielding 6.89% ($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. This is research for your own analysis, not investment advice.
Will UTG cut its dividend?
UTG earns a dividend-safety grade of A (97/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does UTG pay a dividend?
Yes. Reaves Utility Income Fund pays a monthly dividend of about $2.52 per share annually, a forward yield of roughly 6.89%.
What is UTG's dividend yield?
As of Oct 8, 2026, UTG's forward dividend yield is 6.89%, based on a $2.52 annual dividend and a $36.60 share price.
What is UTG's dividend per share?
As of Oct 8, 2026, UTG pays $2.52 per share per year, distributed on a monthly basis.
What is UTG's dividend payout ratio?
As of Oct 8, 2026, UTG's payout ratio is 17% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has UTG grown its dividend?
As of Oct 8, 2026, UTG has increased its dividend for 1 consecutive years.
When is the next UTG ex-dividend date?
As of Oct 8, 2026, the next ex-dividend date on record for UTG is Oct 19, 2026.
UTG Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+44%
5 Years
+4%
52-Week Range
$33.53 – $43.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UTG worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Reaves Utility Income Fund is $41.45 per share, versus a market price of $36.60. That implies the stock is roughly fairly priced.
Fair Value
$41.45
Current Price
$36.60
Gap
+13%
Margin of Safety
12%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.6% discount rate (CAPM), 2.1% growth for five years fading to 2.5% over the next five, $13.83 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 | Sep 30, 2026 | $0.2100 | regular |
| Aug 18, 2026 | Aug 31, 2026 | $0.2100 | regular |
| Jul 17, 2026 | Jul 31, 2026 | $0.2100 | regular |
| Jun 17, 2026 | Jun 30, 2026 | $0.2000 | regular |
| May 18, 2026 | May 29, 2026 | $0.2000 | regular |
| Apr 17, 2026 | Apr 30, 2026 | $0.2000 | regular |
| Mar 18, 2026 | Mar 31, 2026 | $0.2000 | regular |
| Feb 18, 2026 | Feb 27, 2026 | $0.2000 | regular |
| Dec 31, 2025 | Jan 16, 2026 | $0.2000 | regular |
| Dec 17, 2025 | Dec 30, 2025 | $0.2000 | regular |
| Nov 17, 2025 | Nov 28, 2025 | $0.2000 | regular |
| Oct 17, 2025 | Oct 31, 2025 | $0.2000 | regular |
| Sep 17, 2025 | Sep 30, 2025 | $0.2000 | regular |
| Aug 18, 2025 | Aug 29, 2025 | $0.2000 | regular |
Income Calculator
At $2.52 / yr per share
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