Reaves Utility Income Fund (NYSE American:UTG) raised its annual distribution 5% to $2.52, or $0.21 per share monthly, its fourteenth increase since 2004.
The new rate equals an annualized 6.12% distribution yield at a $41.18 share price, with declared monthly payouts from July through September 2026.
Loading...
Loading translation...
Positive
Annual distribution increased 5% to $2.52 per share
Monthly distribution raised to $0.21 per common share
Fourteenth distribution increase since Fund inception in 2004
Implied 6.12% annualized distribution rate at $41.18 market price
Total assets under management of $4.83 billion as of June 17, 2026
Portfolio focused on utility and infrastructure companies for income and total return
Negative
Portions of distributions may be classified as return of capital or capital gains
There is no guarantee distributions will be paid or that the rate will remain the same
News Market Reaction – UTG
-0.23%
-0.23%Session close to close
In the Jun 23 session, UTG declined 0.23%, reflecting a mild negative market reaction.
This announcement marks a 5% increase to a $2.52 annual distribution, implying a 6.12% rate at recen...
Analysis
This announcement marks a 5% increase to a $2.52 annual distribution, implying a 6.12% rate at recent prices. History shows mostly stable responses to such notices; investors may watch coverage, tax character, and underlying utility portfolio performance.
Key Figures
Distribution increase:5%Annual distribution:$2.52 per shareMonthly distribution:$0.21 per share+5 more
8 metrics
Distribution increase5%Increase in annual distribution rate announced June 23, 2026
Annual distribution$2.52 per shareNew annualized distribution level, paid monthly
Monthly distribution$0.21 per shareNew monthly dividend rate following 5% increase
Annualized distribution rate6.12%Based on current market price at time of announcement
Market price$41.18Fund market price as of June 17, 2026
Net asset value$41.86NAV per share as of June 17, 2026
Assets under management$4.83 billionTotal assets as of June 17, 2026
Shares outstanding92.23 millionCommon shares outstanding as of June 17, 2026
Reported December distribution composition and fiscal year-to-date tax character details.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent distribution and Section 19(a) notices have typically coincided with flat to modestly positive next-day price moves.
Key Terms
net asset value, return of capital, qualified dividend income, ex-date
4 terms
net asset valuefinancial
"As of June 17, 2026, the Fund's market price was $41.18 per share and its net asset value was $41.86"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
"including but not limited to short-term capital gain, long-term capital gain and return of capital."
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
qualified dividend incomefinancial
"including the percentage of qualified dividend income, will be made after the Fund's year end."
Qualified dividend income is dividend money that meets government rules so it’s taxed at the same lower rates as long-term capital gains instead of at higher ordinary income rates. For investors this matters because it increases the after-tax return on dividend-paying stocks or funds—similar to getting a discount on your tax bill if you hold the investment long enough and the payout comes from approved sources.
ex-datefinancial
"The following dates apply to the upcoming distributions that have been declared:Ex-Date: July 17, 2026"
The ex-date is the specific day when a stock stops trading with the right to receive an upcoming dividend or other benefit. If you buy the stock on or after this date, you won't get the upcoming payout; instead, the seller will. It’s like a cut-off point that determines who is entitled to receive the benefits of a company’s distribution to shareholders.
DENVER, CO / ACCESS Newswire / June 23, 2026 / Reaves Utility Income Fund (NYSE American:UTG) is pleased to announce today a 5% increase in its annual distribution to $2.52, to be paid monthly at the rate of $0.21 per common share. This is the fourteenth increase of the distribution since the Fund's inception in February 2004. The increased dividend rate represents an annualized distribution rate of 6.12% based on the current market price. As of June 17, 2026, the Fund's market price was $41.18 per share and its net asset value was $41.86 per share.
Tim Porter, the Fund's co-portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "We are pleased to raise the Fund's distribution rate and remain confident that our portfolio of utility and infrastructure companies will continue to support the Fund's monthly distribution to shareholders."
The Fund has formally implemented the 19b-1 exemption received from the Securities and Exchange Commission in 2009. A portion of each distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of these distributions, including the percentage of qualified dividend income, will be made after the Fund's year end.
Not less than eighty percent of the Fund's assets will continue to be invested in the securities of domestic and foreign companies involved to a significant extent in providing products, services, or equipment for (i) the generation or distribution of electricity, gas or water, (ii) telecommunications activities or (iii) infrastructure operations, such as airports, toll roads and municipal services ("Utilities" or the "Utility Industry"). As a policy, the Fund continues to strive to provide a high level of after-tax income and total return consisting primarily of tax-advantaged distributions and capital appreciation.
The following dates apply to the upcoming distributions that have been declared:
Ex-Date: July 17, 2026 Record Date: July 17, 2026 Payable Date: July 31, 2026
Ex-Date: August 18, 2026 Record Date: August 18, 2026 Payable Date: August 31, 2026
Ex-Date: September 17, 2026 Record Date: September 17, 2026 Payable Date: September 30, 2026
Reaves Utility Income Fund
The investment objective of the Fund is to provide a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. There were approximately $4.83 billion of total assets under management and 92.23 million common shares outstanding as of June 17, 2026.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.utilityincomefund.com or call 1-800-644-5571. Read them carefully before investing.
There is no guarantee that distributions will be paid or that the rate will remain the same.
What is the new monthly distribution for Reaves Utility Income Fund (NYSE:UTG) in 2026?
Reaves Utility Income Fund increased its monthly distribution to $0.21 per share, equal to $2.52 annually. According to Reaves Utility Income Fund, this 5% rise marks the fourteenth distribution increase since the Fund’s inception in February 2004, reinforcing its income-focused strategy.
What yield does UTG’s $0.21 monthly distribution represent at the June 17, 2026 price?
The new $0.21 monthly distribution represents a 6.12% annualized distribution rate at a $41.18 market price. According to Reaves Utility Income Fund, this calculation reflects the Fund’s current trading level as of June 17, 2026, and the higher annual payout of $2.52.
When are the July, August, and September 2026 dividend dates for Reaves Utility Income Fund (UTG)?
UTG’s July, August, and September 2026 distributions share same-month ex and record dates. According to Reaves Utility Income Fund, payments are scheduled for July 31, August 31, and September 30, 2026, following ex/record dates on July 17, August 18, and September 17.
How many times has Reaves Utility Income Fund (UTG) raised its distribution since inception?
Reaves Utility Income Fund reports this is its fourteenth distribution increase since inception in February 2004. According to Reaves Utility Income Fund, the latest 5% increase to $2.52 annually continues its emphasis on providing a high level of income and total return to shareholders.
Can UTG distributions include return of capital or sources other than net income?
Yes, UTG distributions can include return of capital and capital gains in addition to net income. According to Reaves Utility Income Fund, final classification, including qualified dividend income percentages, is determined after year-end, and the Fund operates under a 19b-1 exemption granted in 2009.
What is the investment objective and asset size of Reaves Utility Income Fund (NYSE:UTG)?
Reaves Utility Income Fund seeks high income and total return, primarily through tax-advantaged distributions and capital appreciation. According to Reaves Utility Income Fund, total assets under management were approximately $4.83 billion, with 92.23 million common shares outstanding as of June 17, 2026.
What sectors does Reaves Utility Income Fund (UTG) primarily invest in for its distributions?
UTG invests at least 80% of assets in utility and infrastructure-related companies. According to Reaves Utility Income Fund, holdings span electricity, gas, water, telecommunications, and infrastructure operations such as airports, toll roads, and municipal services to support its monthly distributions and total return goal.
