Reaves Utility Income Fund

UTG

Market cap $3.88B

A common misconception is that generating enough dividend income to cover living expenses is all that you need to retire. I detail the three investments that I would use as the foundation of my retirement strategy.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESS Newswire / May 29, 2026 / On May 29, 2026, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.20 per share to shareholders of record at the close of business on May 18, 2026. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.

An attractive current yield, consistent dividend growth, and a monthly payout cadence make for an ideal passive income machine for retirement. I detail 2 of my favorite monthly paying dividend growth machines that combine attractive yields with consistently strong dividend growth. I share why they are also attractive in combination, as well as the risks to keep in mind.

Most dividend ETF investors struggle to balance growth and diversification with generating sufficient yield to retire on dividends. I detail a 4 ETF combination that generates a 6%+ weighted average yield, along with significant diversification and dividend growth. I also share some of the risks involved in this portfolio construction.

Charlie Munger's $100,000 milestone is still the most critical turning point on any dividend investor's path to financial independence. I detail the exact step-by-step strategy and investment vehicles that I would invest in to go from zero to financial freedom from dividends. I also discuss how I would position my dividend snowball for long-term stability and sustainability once financial freedom is achieved.

The Reaves Utility Income Fund is an aggressive, actively managed fund that is focused on key companies set to benefit from rising electricity demand. The portfolio selection coincides with my top sector picks, and the bottom analysis points to over 12% upside with a 5% distribution yield. Leverage and stock selection have produced returns above market and peer returns.

Reaves Utility Income Trust now straddles an uneasy middle ground between income and growth, lacking compelling yield or clear earnings upside. Recent outperformance was driven by AI-linked merchant power names, increasing portfolio concentration, and exposure to growth-like drawdowns. UTG's top 10 holdings comprise half its portfolio, amplifying risk, especially with 18% leverage and heavy reliance on AI and power demand narratives.

Dividend investing sounds like a dream retirement strategy. However, there is a real dark side to it that many investors overlook and thereby suffer from long-term underperformance. This article details the dark side of dividend investing and how to avoid it.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESS Newswire / April 30, 2026 / On April 30, 2026, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.20 per share to shareholders of record at the close of business on April 17, 2026. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.

Dividend strategies aim to generate steady streams of passive income over time. At the same time, they should not neglect capital growth, so demonstrating that dividend payouts do not erode their underlying value over the long term. A significant portion of my holdings currently show a positive NAV performance since their launch, which remains for me an equally important goal for the long run.