UTG (Reaves Utilityome Fund) Dividend Payout Ratio: 0.16 (As of Oct. 2025) — 54% Below Median

What is Reaves Utilityome Fund Dividend Payout Ratio?

Reaves Utilityome Fund UTG -0.20% 24 Dividend Payout Ratio is 0.16 as of Oct. 2025, which is 54% below its 10-year median of 0.35. GuruFocus rates UTG with a GF Score™ of 24/100. The stock has 8 warning signs investors should review. Among 932 Asset Management companies, Reaves Utilityome Fund ranks better than 80.69% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Reaves Utilityome Fund's Dividend Payout Ratio for the months ended in Oct. 2025 was 0.16.

The historical rank and industry rank for Reaves Utilityome Fund's Dividend Payout Ratio or its related term are showing as below:

UTG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.35 Max: 3.39
Current: 0.25

During the past 13 years, the highest Dividend Payout Ratio of Reaves Utilityome Fund was 3.39. The lowest was 0.22. And the median was 0.35.

UTG's Dividend Payout Ratio is ranked better than
80.69% of 932 companies
in the Asset Management industry
Industry Median: 0.7 vs UTG: 0.25

As of today (2026-07-03), the Dividend Yield % of Reaves Utilityome Fund is 6.02%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Reaves Utilityome Fund was 9.89%. The lowest was 4.57%. And the median was 6.47%.

Reaves Utilityome Fund's Dividends per Share for the months ended in Oct. 2025 was $1.18.

During the past 12 months, Reaves Utilityome Fund's average Dividends Per Share Growth Rate was -6.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -2.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Reaves Utilityome Fund was 18.50% per year. The lowest was -2.20% per year. And the median was 4.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Reaves Utilityome Fund (AMEX:UTG) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Reaves Utilityome Fund Dividend Payout Ratio Related Terms

Reaves Utilityome Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Reaves Utilityome Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Reaves Utilityome Fund Dividend Payout Ratio Chart

Reaves Utilityome Fund Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.45

0.00

0.22

0.25

Reaves Utilityome Fund Semi-Annual Data
	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	0.42	0.15	0.86	0.16

UTG vs NEA, CNS, HLNE: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Reaves Utilityome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Reaves Utilityome Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Reaves Utilityome Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Reaves Utilityome Fund's Dividend Payout Ratio falls into.

Save Embed

24GF Score

Reaves Utility Income Fund UTG

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Reaves Utilityome Fund Dividend Payout Ratio Calculation

Reaves Utilityome Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2025 )	/	EPS without NRI (A: Oct. 2025 )
	=	2.13	/	8.57
	=	0.25

Reaves Utilityome Fund's Dividend Payout Ratio for the quarter that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Oct. 2025 )	/	EPS without NRI (Q: Oct. 2025 )
	=	1.18	/	7.382
	=	0.16

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.16 mean?

Reaves Utilityome Fund (UTG) has a Dividend Payout Ratio of 0.16 as of Oct. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Reaves Utilityome Fund and its competitors. This is 54% below median its historical median of 0.35. Over the past decade, Reaves Utilityome Fund's Dividend Payout Ratio has ranged from 0.22 to 3.39. According to the industry distribution chart, Reaves Utilityome Fund ranks #180 out of 932 companies in the Asset Management industry, placing it in the top 19.3%.

Is Reaves Utilityome Fund's Dividend Payout Ratio too high?

Reaves Utilityome Fund's current Dividend Payout Ratio of 0.16 is 54% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 3.39. The Asset Management industry median Dividend Payout Ratio is 0.70. Reaves Utilityome Fund's value of 0.16 is 77.1% below this industry median. Based on the distribution chart, Reaves Utilityome Fund ranks #180 out of 932 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Reaves Utilityome Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.

How does Reaves Utilityome Fund's Dividend Payout Ratio compare to NEA and CNS?

According to the Asset Management industry distribution chart, Reaves Utilityome Fund ranks #180 out of 932 companies for Dividend Payout Ratio. This places Reaves Utilityome Fund in the top 19% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.70. Reaves Utilityome Fund's value of 0.16 is 77.1% below this benchmark. Historically, Reaves Utilityome Fund's own Dividend Payout Ratio has ranged from 0.22 to 3.39 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.70, Reaves Utilityome Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Reaves Utilityome Fund's current Dividend Payout Ratio of 0.16 is 77.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Reaves Utilityome Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reaves Utilityome Fund's current Dividend Payout Ratio is 0.16, which is 54% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Reaves Utilityome Fund stock overvalued right now?

Reaves Utilityome Fund (UTG) has a current Dividend Payout Ratio of 0.16. The current Dividend Payout Ratio is 0.16, which is 54% below median its 10-year median of 0.35 and 77.1% below the Asset Management industry median of 0.70. Reaves Utilityome Fund's overall GF Score™ is 24/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Reaves Utilityome Fund (UTG), the current Dividend Payout Ratio is 0.16 as of Oct. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Reaves Utilityome Fund Business Description

Industry Financial Services Asset Management

Comparable Companies NEA CNS HLNE DNP AB GBDC STEP CSQ UTF FHI BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Address 1700 Broadway, Suite 2100, Denver, CO, USA, 80290

Website https://www.utilityincomefund.com

Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.

24GF Score

Get the complete analysis for UTG

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.85

Price

View UTG Analysis

See Dividend Payout Ratio data for all stocks →