Reaves Utility Income Fund (UTG) Dividend
Reaves Utility Income Fund (UTG) currently pays a dividend yield of 7.63%, distributing $2.52 per share annually ($0.21 per month). The company operates in the Financial Services sector.
UTG has raised its dividend for 1 consecutive years.
UTG dividend at a glance
| Dividend Yield | 7.63% |
|---|---|
| Annual Dividend | $2.52 per share |
| Per Payment | $0.21 |
| Payout Frequency | Monthly |
| Payments per Year | 12 |
| Next Ex-Dividend Date | November 17, 2026 |
| Next Payment Date | November 30, 2026 |
| Payout Ratio | 17% |
| Consecutive Years of Dividend Growth | 1 |
| Sector | Financial Services |
| Implied Share Price (from yield) | $33.03 |
What UTG pays on a $10,000 investment
At a 7.63% yield, $10,000 invested in UTG generates about $763.00 per year, or roughly $63.58 every month. Share counts below use an implied price of $33.03, derived from the $2.52 annual dividend and the 7.63% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Month |
|---|---|---|---|
| $1,000 | 30.3 | $76.30 | $6.36 |
| $5,000 | 151.4 | $381.50 | $31.79 |
| $10,000 | 302.8 | $763.00 | $63.58 |
| $25,000 | 756.9 | $1,907.50 | $158.96 |
| $100,000 | 3,027.8 | $7,630.00 | $635.83 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each month — see how the dividend snowball compounds.
UTG dividend payment schedule
UTG pays on a monthly schedule — 12 payments a year. The next confirmed ex-dividend date is November 17, 2026, with payment on November 30, 2026. Later rows are projected forward at the same interval and will shift when Reaves Utility Income Fund declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 17, 2026 | November 30, 2026 | $0.21 | Confirmed |
| December 17, 2026 | December 30, 2026 | $0.21 | Projected |
| January 17, 2027 | January 30, 2027 | $0.21 | Projected |
| February 17, 2027 | March 2, 2027 | $0.21 | Projected |
| March 17, 2027 | March 30, 2027 | $0.21 | Projected |
| April 17, 2027 | April 30, 2027 | $0.21 | Projected |
To collect a UTG dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How UTG's dividend compares
Across the 1000 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.57%. UTG's 7.63% is 4.06 percentage points above that median, ranking 298th of 1000 by yield.
Within Financial Services, where we track 157 names, the median yield is 9.52% — putting UTG below its sector.
Its 1-year run of dividend increases ranks 544th out of the 553 names in our data with an active growth streak.
What the numbers mean
UTG pays out roughly 17% of its earnings as dividends. That is a conservative payout ratio, leaving substantial room to keep raising the dividend or absorb a weak year.
UTG pays monthly, which suits investors who want dividend income to line up with monthly living expenses rather than arriving in quarterly lumps.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
UTG dividend FAQ
When is the next UTG ex-dividend date?
The next UTG ex-dividend date is November 17, 2026, with the payment scheduled for November 30, 2026. You must own shares before the ex-dividend date to receive that payment.
What is UTG's dividend yield?
UTG currently yields 7.63%, based on $2.52 in dividends per share over the past year.
How often does UTG pay dividends?
UTG pays monthly, which works out to 12 payments per year of about $0.21 per share.
How much dividend income would $10,000 of UTG generate?
At the current 7.63% yield, $10,000 invested in UTG would produce roughly $763.00 per year, or about $63.58 per month, before taxes and assuming the dividend holds.
Has UTG increased its dividend?
Yes — UTG has raised its dividend for 1 consecutive years.
UTG dividend history
DivTrkr holds 273 recorded UTG dividend payments going back to 2004, with 1 consecutive complete year of increases and +2.1% a year of growth over the last five complete years. See the full UTG dividend history — every payment, annual totals and growth by year.
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Track UTG dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.