MFD - UTG: 8% Yield On Outperforming Utilities - Peer Review

2024-05-12 09:15:00 ET

Summary

• Utilities sector has led all others in the past month and quarter, rising 9.78% and 17.33%, respectively.
• Reaves Utility Income Trust is a closed-end fund with significant exposure to utilities and a strong long-term track record.
• The UTG CEF pays monthly dividends with a yield of 8.21% and has a positive 5-year dividend growth rate.

Looking for more defense for your portfolio in 2024?

Apparently, many other investors are also taking that route, as the Utilities sector has led all others over the past month and quarter, rising 9.78% in the past month, and 17.33% over the past 3 months:

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