Utility Fund Hikes Payouts—Why Income Investors Are Taking Notice

New York, Tuesday, 23 June 2026.
Reaves Utility Income Fund just boosted its monthly payout by 5%—its 14th increase since 2004—pushing its yield toward 7%. With $4.8 billion in assets and a focus on stable utility stocks, this move signals confidence in cash flow even as rates fluctuate. For investors, it’s a rare bright spot in a high-tax world: a $2M portfolio here could net ~$72K after California’s 40% bite.