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The Utility Sector offers reliable dividend payments from stable operations. We present two CEFs with yields near 7%. These two picks weathered both the Great Financial Crisis and COVID without a single distribution cut. Today they are trading at bargain prices due to a recent...
As a tool to evaluate candidates for a long-term CEF portfolio, I formulated a simple “rule of thumb” based on the interactions among NAV performance, discount/premium on NAV, and leverage. For a safe CEF investment, this rule of thumb suggests first choosing CEFs with a...
UTG is a closed end fund with a utilities focused portfolio. Established in 2004, the fund has a 15-year history of monthly distributions which have increased since inception. We dive into the fund and discuss UTG’s current outlook and competitive landscape. For furth...
The market frequently offers securities on sale, you need to find them! As technology makes buying easier, it's made selling irrationally easier too. Income investors need to be prepared to snag excellent picks on sale. For further details see: Bargain Alert! 2 High Yiel...
There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI. Another position on this list, GOF, is going through a bit of a transformation but hasn...
A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practi...
October has arrived, and so has our monthly top picks! Pumpkin spice can't beat these two income generators. Retirement is expensive, let your dividends pay your way. For further details see: 2 Big Dividends To Send Your Income Soaring This October 2021
The Reaves Utility Income Fund Announces Regular Monthly Dividend Of $0.19 Per Share PR Newswire DENVER , Oct. 7, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.19 per ...
The S&P 500 Utilities Index (XLU +2%) jumps to the top of the S&P sector standings after snapping a 14-day rout, the index's longest slide ever. Utility stocks are particularly vulnerable to interest rate changes, and Treasury yields are pulling back today after surging in recent days...
In the years since I first discovered CEFs, I have focused on formulating the best selection criteria for building a portfolio of reliable securities over time. I have developed a personal rule of thumb for long-term CEF investing, obtained by the flexible combination of three basic p...
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Reaves Utility Income Fund of Beneficial Interest Company Name:
UTG Stock Symbol:
NYSE Market:
2024-07-17 05:00:59 ET Be honest. I won’t be mad, but just admit it. You’ve got some SPY in your portfolio. So much in fact you’re probably trying to quickly change the subject from the SPDR S&P 500 ETF Trust (SPY) . I’m not mad. (I’m j...
DENVER, CO / ACCESSWIRE / July 9, 2024 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 2, 2024, the Fund's market pri...
2024-06-25 08:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...