Reaves Utility Income Fund
The Reaves Utility Income Fund (UTG) is a closed-end investment fund designed for those interested in the utilities sector. Its main goal is to provide investors with a high level of income, primarily from dividends, alongside longer-term capital growth. To achieve this, the fund typically invests at least 80% of its assets in the dividend-paying shares of companies within the utility industry. This includes firms involved in generating or distributing electricity, gas, and water, as well as those in telecommunications and infrastructure like toll roads and airports. It's important for potential investors to know that the fund may also invest in lower-grade bonds, which can carry higher risk. As with any investment, the fund's value can go down as well as up, and past performance is not a guide to future returns.
Stock Performance Snapshot
Financial Health
Reaves Utility Income Fund shows solid revenue and profit margins, indicating good financial performance.
Dividend
Reaves Utility Income Fund's dividend yield of 6.36% is attractive for dividend-seeking investors. If you invested $1000 you would be paid $63.60 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
A Focus on Income
The fund's main objective is to generate a high level of income, often through dividends from established utility firms. Payouts are not guaranteed but are central to its strategy.
Potential Defensive Qualities
Investing in essential services like electricity and water can sometimes offer a degree of resilience during economic shifts, though all investments carry market risk.
Exposure to Infrastructure
Beyond traditional utilities, the fund invests in modern infrastructure like telecommunications, offering exposure to different but related sectors of the economy.
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