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An Underrated High Monthly Dividend - UTG Stock | My Portfolio Reveal
Dividend Bull In today's video, we’re going to take a look at Reaves Utility Income Trust, ticker symbol UTG. This is the eighth video that’s part of my portfolio series, where I’m doing an analysis of all 31 stocks currently in my own portfolio. If you’re new to my channel, my primary focus is on income investing and dividend growth investing with holdings that offer at least a 4% yield. As I’ll say in every video, this series isn’t done in any particular order, so just because this video is the eighth in this series does not mean this is my eighth favorite stock or my eighth largest holding. Also note that because I own all these holdings, I am biased toward them, so do your own research before making any investment decisions for yourself.
Also let me know if there are any improvements to this series I can make going forward. Feel free to check out last week's video, which was on PennantPark Floating Rate Capital, a BDC with a 10% monthly dividend, ticker symbol PFLT. Logging in to my Vanguard account, which is where I do my dividend investing, as of the making of this video I currently own 109.299 shares of UTG. Their stock pays monthly dividends with their last being 19 cents per share. With the number of shares that I own in this fund, I receive roughly $20.76 a month in dividends from this stock. It’s one of my smallest holdings because it’s a very industry-specific investment.
The Reaves Utility Income Fund is a closed-end fund that invests in the public equity and fixed-income markets of the United States. It seeks to invest specifically in dividend-paying stocks and debt instruments of companies operating in the utilities sector. UTG’s investment objective is to provide a high level of after-tax income and a total return consisting primarily of tax-advantaged dividend income and capital appreciation. According to their website, UTG pursues this objective by investing at least 80% of its total assets in dividend-paying common and preferred stocks and debt instruments of companies within the utility industry, and up to 20% of the fund may be invested in securities of companies in other industries. Since UTG’s inception in 2004, this fund has paid more than $1.2 billion in cash distributions.
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#dividendinvesting #dividends #dividendstocks
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