I've been looking to add more to my portfolio from the utility sector. The three more popular ones I have come up with:
Reaves Utility Income (NYSEMKT:UTG) currently trading at a 8.5% discount. The yield stands at 7.33% and recently increased the distribution from $0.16 to $0.17 paid monthly. 10 year annualized return is at 10.85%. I do currently have a small position in UTG.
Cohen & Steers Infrastructure (NYSE:UTF) is sitting at a 10% discount. This CEF is currently yielding 8.74% and also had a recent increase in distribution from $0.1340 to $0.1550 paid monthly. The 10 year return for UTF is 8.16%.
Gabelli Utility Trust (NYSE:GUT) sits at a lofty 25.47% PREMIUM. This monthly paying utility CEF pays a 9.9% yield. The 10 year return for GUT is 7.95%.
I pulled all data from cefconnect and Morningstar.
What utility CEF are readers looking at? Are there other popular ones that you can think of that I haven't included? Or are you avoiding utility CEFs and other interest rate sensitive investments at this time with the Fed raising rates?
Disclosure: I am/we are long UTG.