Reaves Utility Income Fund
UTG21 yrs growthFinancial Services · Stock · monthly payer
$41.75
Add to PortfolioForward Yield
5.75%
Annual Dividend
$2.40
Payout Ratio
25%
5-Yr Growth
2.1%
Ex-Date
Jun 17, 2026
Frequency
Monthly
UTG Dividend Safety Score
97/ 100
Grade A
Very Safe
Dividend-growth streak21 consecutive years of growth
Cut historyNever cut its dividend on record
Earnings payout coverage25% of earnings paid out
Balance-sheet strengthDebt/equity of 0.25
Yield vs its historyYield in line with its history
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
Is UTG a good dividend stock?
YesReaves Utility Income Fund (UTG) pays a monthly dividend yielding 5.75% ($2.40/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 21 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (25%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 5.75%
- Payout Ratio
- 25%
- Annual Dividend
- $2.40
- 5-Yr Avg Growth
- 2.1%
- Ex-Dividend Date
- Jun 17, 2026
- Years of Growth
- 21
- Frequency
- monthly
- Beta
- 0.86
- Market Cap
- $3.8B
- P/E Ratio
- 4.9
- 5-Yr Total Return
- 21%
- 52-Week Range
- $34.02 – $43.90
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 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 |
| Jul 18, 2025 | — | $0.2000 | regular |
| Jun 17, 2025 | — | $0.1900 | regular |
| May 19, 2025 | — | $0.1900 | regular |
| Apr 17, 2025 | — | $0.1900 | regular |
Income Calculator
At $2.40 / yr per share
Per payment (monthly)$20.00
Annual$240.00
Monthly avg$20.00
