Reaves Utility Income Fund (UTG) To Go Ex-Dividend on May 18th

Posted by Chris Copeland on May 16th, 2026

Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) announced a monthly dividend on Tuesday, April 7th. Stockholders of record on Monday, May 18th will be given a dividend of 0.20 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, May 18th.

Reaves Utility Income Fund Price Performance

NYSEAMERICAN:UTG opened at $42.24 on Friday. The firm has a 50-day moving average of $41.11 and a 200-day moving average of $39.08. Reaves Utility Income Fund has a one year low of $33.50 and a one year high of $43.90.

Institutional Investors Weigh In On Reaves Utility Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in Reaves Utility Income Fund by 52.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,760 shares of the closed-end fund’s stock worth $64,000 after purchasing an additional 602 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Reaves Utility Income Fund in the 1st quarter worth about $73,000. Cornerstone Planning Group LLC bought a new stake in Reaves Utility Income Fund in the 4th quarter worth about $75,000. Assetmark Inc. grew its position in Reaves Utility Income Fund by 201.9% in the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the closed-end fund’s stock worth $77,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Reaves Utility Income Fund in the 4th quarter worth about $91,000.

About Reaves Utility Income Fund

(Get Free Report)

Reaves Utility Income Fund (NYSE American: UTG) is a closed-end management investment company organized as a Delaware statutory trust. Since commencing operations in 1994, the fund’s primary objective has been to provide its shareholders with a high level of current income and the potential for capital appreciation. It does so by investing in a diversified portfolio of income-producing securities within the utilities sector.

The fund typically allocates its assets across common stocks, preferred stocks, corporate debt securities, convertible securities, rights, warrants and depositary receipts of regulated utility companies.