- Pays: monthly — $0.21 per share ($2.52 a year) since the June 2026 raise.
- Paying since: 2004 — and the June 23, 2026 increase (5%, from $0.20) was the 14th since inception.
- What it is: a leveraged closed-end fund of utility, energy-infrastructure and telecom stocks run by Reaves Asset Management — about 23% of net assets borrowed.
- The cost: total expenses about 2.0% including interest on the leverage; 0.88% excluding it.
- The honest footnote: a managed distribution plan — distributions can include capital gains and return of capital (fiscal year-to-date through April 2026: ~11% income, 54% long-term gains, 35% ROC), and the shares trade close to NAV (slight premium in August 2026).
UTG's distributions draw mostly on realized gains from a long utility bull market rather than on dividend income alone — sustainable as long as the portfolio keeps appreciating, and a different proposition in a flat utility market. No rights offerings in the last six fiscal years.
UTG pays monthly. Each point below is one distribution since 2004 — a staircase that has only climbed.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $2.42 per share across 12 payments — up 5% from $2.30 in the 12 months before. What a change like that does to your income →
- Current pace: recent payments annualize to $2.40 — 1% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: up 2% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 271 payments over 22 years; the largest single payment was $1.08 (Dec 2016).
- Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
- Payment steadiness: the last 12 checks wobble ±1% around their median. Compare that against any fund →
Every figure above is computed from UTG's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from UTG's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
Now Estimate Your Own Future
These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
Closed-end funds on this site mostly come in two flavors: level payouts that never move (PDI, GOF) and formula payouts that drift down with NAV (CLM, BCAT). UTG is the third kind: a fund that has raised its distribution fourteen times in twenty-two years because the utilities it owns kept growing. Leverage amplifies that — in both directions.
Part of each payment is still classified as gains or return of capital, so the Cost Basis Calculator applies. Compare UTG against an unlevered utility holding or against ADX on the compare tool.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is UTG's Next Ex-Dividend Date?
UTG pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from UTG's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Twenty-Two Years of Raises
UTG has paid monthly since 2004 and increased the amount fourteen times, from the initial rate to today's $0.21. The chart above is a staircase with no downward steps; the year-by-year table shows steady growth in what a share collects.
Why a Utility Fund Can Raise
Regulated utilities raise dividends slowly but reliably, and a leveraged portfolio of them has ridden two decades of falling rates and rising valuations. UTG converts that appreciation into distributions through its managed plan — which is why a large share of each payment is realized gains rather than dividend income. The approach depends on the portfolio continuing to appreciate; in a sustained utility bear market the same plan would draw on capital.
Where UTG Fits
As the closed-end fund with a genuine growth record — the exception among CEFs that mostly hold or drift. For steady unlevered utility income, a utility ETF is the simpler comparison; for another managed-distribution equity fund, see ADX. Next expected date on the live calendar.
Heavy Return-of-Capital Fund? Track Your Real Cost Basis
Distributions classified as return of capital lower your cost basis and change your tax bill when you sell. Our free calculator does the lot-by-lot math.
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