UTG Distribution History & Yield

Reaves Utility Income Fund · NYSE American

Closed-end fund Financial Services Monthly payer Closed-end fundHigh yield
$38.88
+1.51% today
as of Sep 8, 2026
TTM yield
6.22%
$2.42/share over the last 12 months
Forward yield
6.26%
$2.4343/share indicated annual rate
Annual distribution
$2.4343
per share, forward
Per payment
$0.2029
per share, every month
Frequency
Monthly
12 payments a year
Next ex-distribution date
Sep 17, 2026 Declared
in 9 days
Next pay date
Oct 1, 2026
in 23 days
Last ex-distribution date
Aug 18, 2026
$0.21 per share
Expense ratio
n/a
assets n/a
Consistency
98/100
very stable payouts
5y distribution CAGR
+2.1%
annualised, regular payments
Growth streak
1 yr
consecutive annual raises
Years paying
22.4
since Apr 14, 2004
1y total return
+8.9%
price +2.5% + distributions 6.4%

Upcoming distribution payments

Ex-datePay datePer sharePer 100 sharesStatus
Thu, Sep 17, 2026 (in 9 days) Oct 1, 2026 $0.2029 $20.29 Declared
Sat, Oct 17, 2026 (in 39 days) Oct 31, 2026 $0.2029 $20.29 Estimated
Mon, Nov 16, 2026 (in 69 days) Nov 30, 2026 $0.2029 $20.29 Estimated
Wed, Dec 16, 2026 (in 99 days) Dec 30, 2026 $0.2029 $20.29 Estimated
Fri, Jan 15, 2027 (in 129 days) Jan 29, 2027 $0.2029 $20.29 Estimated
Sun, Feb 14, 2027 (in 159 days) Feb 28, 2027 $0.2029 $20.29 Estimated
Tue, Mar 16, 2027 (in 189 days) Mar 30, 2027 $0.2029 $20.29 Estimated
Thu, Apr 15, 2027 (in 219 days) Apr 29, 2027 $0.2029 $20.29 Estimated
Sat, May 15, 2027 (in 249 days) May 29, 2027 $0.2029 $20.29 Estimated
Mon, Jun 14, 2027 (in 279 days) Jun 28, 2027 $0.2029 $20.29 Estimated
Wed, Jul 14, 2027 (in 309 days) Jul 28, 2027 $0.2029 $20.29 Estimated
Fri, Aug 13, 2027 (in 339 days) Aug 27, 2027 $0.2029 $20.29 Estimated

Estimated dates and amounts are projected from UTG's recent payment pattern and will be replaced by declared figures when the fund announces them. Total over the next 12 months: about $2.4343 per share.

Distribution payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from May 17, 2023 to Aug 18, 2026; most recent $0.21$0.00$0.125$0.25May 17, 2023: $0.19May '23Jun 15, 2023: $0.19Jul 20, 2023: $0.19Aug 17, 2023: $0.19Sep 18, 2023: $0.19Oct 19, 2023: $0.19Oct '23Nov 15, 2023: $0.19Dec 14, 2023: $0.19Dec 28, 2023: $0.19Feb 15, 2024: $0.19Mar 14, 2024: $0.19Mar '24Apr 18, 2024: $0.19May 16, 2024: $0.19Jun 17, 2024: $0.19Jul 19, 2024: $0.19Aug 16, 2024: $0.19Aug '24Sep 17, 2024: $0.19Oct 18, 2024: $0.19Nov 15, 2024: $0.19Dec 16, 2024: $0.19Dec 31, 2024: $0.19Dec '24Feb 18, 2025: $0.19Mar 18, 2025: $0.19Apr 17, 2025: $0.19May 19, 2025: $0.19Jun 17, 2025: $0.19Jun '25Jul 18, 2025: $0.20Aug 18, 2025: $0.20Sep 17, 2025: $0.20Oct 17, 2025: $0.20Nov 17, 2025: $0.20Nov '25Dec 17, 2025: $0.20Dec 31, 2025: $0.20Feb 18, 2026: $0.20Mar 18, 2026: $0.20Apr 17, 2026: $0.20Apr '26May 18, 2026: $0.20Jun 17, 2026: $0.20Jul 17, 2026: $0.21Aug 18, 2026: $0.21

Annual distributions per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$1.25$2.502017: $1.92$1.9220172018: $2.02$2.0220182019: $2.11$2.1120192020: $2.16$2.1620202021: $2.23$2.2320212022: $2.28$2.2820222023: $2.28$2.2820232024: $2.28$2.2820242025: $2.35$2.3520252026 (YTD): $1.42$1.422026 YTD

How much UTG do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month493$19,166$1,200
$500 / month2,465$95,831$6,000
$1,000 / month4,930$191,662$12,000

Based on the forward yield of 6.26%. $10,000 in UTG would currently pay about $626 a year ($52 a month on average). Model reinvestment and growth →

UTG distribution history

Show all 271 payments
Ex-datePay dateAmountChange
Aug 18, 2026 $0.21 +0.0%
Jul 17, 2026 $0.21 +5.0%
Jun 17, 2026 $0.20 +0.0%
May 18, 2026 $0.20 +0.0%
Apr 17, 2026 $0.20 +0.0%
Mar 18, 2026 $0.20 +0.0%
Feb 18, 2026 $0.20 +0.0%
Dec 31, 2025 $0.20 +0.0%
Dec 17, 2025 $0.20 +0.0%
Nov 17, 2025 $0.20 +0.0%
Oct 17, 2025 $0.20 +0.0%
Sep 17, 2025 $0.20 +0.0%
Aug 18, 2025 $0.20 +0.0%
Jul 18, 2025 $0.20 +5.3%
Jun 17, 2025 $0.19 +0.0%
May 19, 2025 $0.19 +0.0%
Apr 17, 2025 $0.19 +0.0%
Mar 18, 2025 $0.19 +0.0%
Feb 18, 2025 $0.19 +0.0%
Dec 31, 2024 $0.19 +0.0%
Dec 16, 2024 $0.19 +0.0%
Nov 15, 2024 $0.19 +0.0%
Oct 18, 2024 $0.19 +0.0%
Sep 17, 2024 $0.19 +0.0%

Payout risk check

Distribution stabilityLow risk

UTG's last 12 distributions were very stable (consistency score 98/100).

Its share price moved +2.5% over the past year.

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About Reaves Utility Income Fund

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.

First distribution on our records: Apr 14, 2004. 271 payments tracked.

UTG distribution FAQ

When is UTG's next ex-distribution date?

UTG's next ex-distribution date is Sep 17, 2026 (in 9 days, declared by the fund). You must own the shares before that date to receive the payment of about $0.2029 per share, expected on Oct 1, 2026.

How often does UTG pay distributions?

UTG pays distributions every month, 12 times a year. The most recent payment was $0.21 per share with an ex-date of Aug 18, 2026.

What is UTG's distribution yield?

UTG's trailing 12-month distribution yield is 6.22%, based on $2.42 per share paid over the last year and a share price of $38.88. The forward yield, using the indicated annual rate of $2.4343 per share, is 6.26%.

How much does UTG pay per share?

UTG pays about $0.2029 per share each month, which works out to roughly $2.4343 per share a year. 100 shares would collect about $243.43 a year.

Has UTG grown or cut its distribution?

UTG has raised its annual distribution for 1 consecutive year. Over the last 5 years the regular payout has grown at 2.1% a year (+5.2% over the last year). There has been no cut to a regular payment in the last 5 years.

How many shares of UTG do I need to earn $100 a month?

At the current forward yield of 6.26%, you would need about 493 shares of UTG (roughly $19,166 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.

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