Welcome to our dedicated page for Reaves Utility Income Fund news (Ticker: UTG), a resource for investors and traders seeking the latest updates and insights on Reaves Utility Income Fund stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Reaves Utility Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Reaves Utility Income Fund's position in the market.
Rhea-AI Summary
Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders of record on March 15, 2024. The distribution comprised 32.61% net investment income, 0% net realized short-term capital gain, 43.62% net realized long-term capital gain, and 23.77% return of capital. The Fund estimates it has distributed more than its income and net realized gains, potentially resulting in a return of capital. The Fund's performance includes an 8.79% annualized distribution rate as a percentage of NAV, with a cumulative total return on NAV of 3.66% for the fiscal year to date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
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Rhea-AI Summary
On February 29, 2024, Reaves Utility Income Fund (NYSE American: UTG) paid a monthly distribution of $0.19 per share to shareholders. The distribution sources include net investment income, long-term capital gains, and return of capital. The estimated distribution percentages for the current period and fiscal year-to-date were disclosed. The Fund's performance metrics show an annualized distribution rate of 8.76% of NAV, cumulative distribution rate of 2.92% on NAV, and cumulative total return of 8.47% on NAV for the fiscal year. Shareholders are advised on potential tax implications and reminded that past performance is not indicative of future results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
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Rhea-AI Summary
Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders of record on December 29, 2023. The estimated sources of distribution include 12.59% net investment income, 87.41% net realized long-term capital gain, and 22.08% net investment income for the fiscal year-to-date cumulative distributions. The Fund's fiscal year-to-date return on NAV is 11.16%, with an average annual total return of 5.36% for the 5-year period ended 12/31/2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
Rhea-AI Summary
Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders of record on December 15, 2023. The estimated sources of distribution for the current fiscal year and fiscal year-to-date cumulative distribution amount are disclosed, with percentages for net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital or other capital source. The fund's performance and distribution information for the fiscal year to date and the 5-year period ended November 30, 2023, are also provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
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Rhea-AI Summary
Reaves Utility Income Fund (UTG) announced unchanged monthly distributions at a rate of $0.19 per common share per month, with a market price of $26.65 per share and net asset value of $26.56 per share. The Fund's investment objective is to provide a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. As of December 5, 2023, the Fund had approximately $2.59 billion of total assets under management and 77.85 million common shares outstanding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
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Rhea-AI Summary
Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders of record at the close of business on November 16, 2023. The distribution included 15.11% net investment income, 84.89% net realized long-term capital gain, and 0% net realized short-term capital gain or return of capital. The Fund's fiscal year-to-date cumulative distribution amount per share is 0.19000. Shareholders should be aware that a portion of the distribution may be reportable as taxable income on their 2023 federal income tax return.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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Rhea-AI Summary
Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders. The distribution consisted of 4.09% net investment income and 95.91% net realized long-term capital gain. The fiscal year-to-date cumulative distribution amounted to $2.28 per share, with 25.52% net investment income and 73.06% net realized long-term capital gain. The Fund's annualized distribution rate and cumulative distribution rate on NAV were both 9.34%. The cumulative total return on NAV for the fiscal year was -5.03%. The 5-year average annual total return on NAV was 1.21%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
-
Rhea-AI Summary
The Reaves Utility Income Fund (UTG) announces monthly distributions of $0.19 per share, unchanged from the previous quarter. The Fund's market price is $23.75 per share and its net asset value is $23.38 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
-
Rhea-AI Summary
The Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders. The distribution consists of 37.09% net investment income and 62.91% net realized long-term capital gain. The fiscal year-to-date cumulative distributions amount to $2.09 per share. The Fund's NAV performance shows an annualized distribution rate of 8.71% and a cumulative distribution rate on NAV of 7.98%. Shareholders should not draw conclusions about the Fund's investment performance from this distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
Rhea-AI Summary
Reaves Utility Income Fund (UTG) paid a monthly distribution of $0.19 per share to shareholders. Net realized long-term capital gain accounted for 83.12% of the distribution amount. Fiscal year-to-date cumulative distributions amounted to $1.90 per share. The Fund's NAV performance showed a cumulative total return of 6.70% and an average annual total return of 3.95% for the 5-year period. The Board of Trustees will continue to monitor the Fund's distribution level.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
FAQ
What is the current stock price of Reaves Utility Income Fund (UTG)?
The current stock price of Reaves Utility Income Fund (UTG) is $31.25 as of December 20, 2024.
What is the market cap of Reaves Utility Income Fund (UTG)?
The market cap of Reaves Utility Income Fund (UTG) is approximately 2.6B.
Reaves Utility Income Fund
NYSE:UTG
UTG Rankings
UTG Stock Data
2.55B
65.10M
0.03%
12.29%
0.09%
Asset Management
Financial Services
United States of America
Jersey City