7.9% distribution (amortized monthly) discount from NAV of almost 12% (average 10-year discount +2.2%).
TOP HOLDINGS AS OF 3-31-15
Wells Fargo Advantage Cash Investment Money Market Fund 9499999G3 N/A $8,869,679.30
ENTERGY LOUISIANA LLC PREFERRED STOCK 29364W603 N/A $6,440,200.23
American Electric Power Company, Incorporated 025537101 AEP $5,629,000.00
NextEra Energy, Incorporated 65339F101 NEE $5,117,000.00
The Williams Companies, Incorporated 969457100 WMB $5,110,000.00
T.e.r.n.a Ord Eur0.22 B01BN5908 TRN $4,766,622.22
Great Plains Energy Incorporated 391164100 GXP $4,562,250.00
Edison International Common 281020107 EIX $4,560,750.00
Deutsche Post AG Npv Regd 461785909 DPW $4,521,426.74
Eversource Energy Common Stock Usd5.0 30040W108 ES $4,432,500.00
Turk Telekomunikas Try1 B2RCGV905 TTKOM $3,365,168.36
American Water Works CO Incorporated 030420103 AWK $2,643,500.00
Spectra Energy Corp 847560109 SE $2,637,750.00
Duke Energy Corp Common Stock Usd.001 26441C204 DUK $2,310,825.22
Sempra Energy 816851109 SRE $2,138,653.00
Public Service Enterprise 744573106 PEG $2,131,500.00
Veolia Environnement Eur5.00 403187909 VIE $2,085,744.28
Verizon Communications Incorporated 92343V104 VZ $2,041,427.04
PNM Resources, Incorporated 69349H107 PNM $1,994,250.00
Indianapolis Power & Light Co., 455434878 AES $1,931,876.00
Entergy Arkansas Incorporated Preferred Stock 12/52 29364D761 ETR $1,687,760.00
ENTERGY ARKANSAS INC PREFERRED STOCK 06/63 4.75 29364D753 ETR $1,550,900.00
Endesa S.a. Eur1.2 527178909 ELE $1,495,884.67
IDACORP, Incorporated 451107106 IDA $1,486,750.00
Suez Environnement Eur4 B3B8D0900 SEV $1,446,461.17
Shenandoah Telecommun CO 82312B106 SHEN $1,414,350.00
COMED FINANCING III LIMITD GUARA 03/33 6.35 20035AAA2 N/A $1,391,892.84
EQT Corporation 26884L109 EQT $1,276,050.00
Veresen Incorporated Common Stock Npv 92340R957 VSN $1,119,934.06
Nextera Energy Capital 65339K803 NEE $1,047,640.00
UTG seems to raise the distribution about once a year. It's a great income investment.
with a discount of about 4% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.3%, 30 year t-bonds 3.10%. The fund holds high quality stocks that will most likely produce higher dividends in the future.
We are getting a dividend of 6% ( amortized monthly) a year with a discount of about 4% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.3%, 30 year t-bonds 3.08%. And there is the prospect of higher dividends in the future.
The last two years , Santa has got us a December divvy increase. 2013 it was .131 to .138 and in 2014 it was .138 to .151 per month. The fund is making $$ so I think we go up to .155 or .16 a month. Any thoughts or is this just wishful thinking on my part? Jim
Keep UTG, I've had it a few years. It will keep going up long term and I think it hit bottom already. A interest rate is already been discounted for. When the Fed raises interest rates later this year or early next year the Utilities will rebound. It lways happens. Do the oppsite of what te pros say. That's what they do.
I would like a few opinions on where UTG is going over the long term. I have been holding it for several years. It pays a nice dividend. How do you see it going forward. Especially when interest rates do go up?
My UTG has gone up in value. UTF now has 1. A much better discount to NAV, 2. A much better UNII, and 3. A better yield. Time for me to switch. Any opinions?
I think he is indicating that he is using the common strategy of "buying on the dips" adding more to his holdings at those times. My average price is about $25 on UTG,I would not be afraid to buy more at todays price but I added some DNP last week. I think DNP as near the top of its higher end right now, but it trades with a tight range anyway, not too worried about variance.
If the fed raise rates can't be more than 1/4% to 1/2%, won't hurt that much, and if the herd bail out , then buy more shares at a cheaper price, I'm wanting a 10% plus correction so I can start buying PNY. UTG is a great cef, it is better than DNP.