Top 5 Consumer Service Companies To Buy For 2015

Top 5 Consumer Service Companies To Buy For 2015: Reaves Utility Income Fund (UTG)

Reaves Utility Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide dividend income and capital appreciation. W.H. Reaves & Co., Inc. (Reaves) serves as the Fund's investment adviser. ALPS serves as the Fund's administrator. The Fund intends to invest at least 80% of its total assets in dividend-paying common and preferred stocks, and debt instruments of companies within the utility industry. The remaining 20% of its assets may be invested in other securities, including stocks, money market instruments and debt instruments, as well as certain derivative instruments in the utility industry or other industries.

During the fiscal year ended October 31, 2005 (fiscal 2005), the common stock of electric utilities averaged about 47% of the Fund's portfolio. The telephone sector, particularly rural telecom, was a significant source of dividend income for the Fund, with an average yield of 5.75% in fiscal 2005. Telecommunications common holdings averaged about 19% of the Fund's portfolio during fiscal 2005. Preferred stock holdings, yielding 6.9%, accounted for 8.5% of the Fund's portfolio as of October 31, 2005. The top five holdings of the Fund, as of October 31, 2005, were Duke Energy (7.1%), Ameren Corporation (5.8%), Altria Group (5.4%), Great Plains Energy (5.1%) and AT&T (4.1%).

Advisors' Opinion:

• [By Harry Domash, Publisher, DividendDetective and Winning Investing]

  Harry Domash: Well, one that's really good for us has been Reaves Utility Income. It holds primarily US utility and telecom stocks and it's been a pretty good dividend raiser. The ticker is (UTG), paying about a 6.1% yield now and it's a good serial dividend increaser so it's a very good one.

  If you're worried about rising interest rates then Invesco Dynamic Credit Opportunities, ticker (VTA), invests in bel! ow investment-grade floating rate bank loans. In other words, these are called senior loans.

  They're bank loans that adjust their payouts based on prevailing interest rates, so if interest rates go up, these loans will pay higher dividends, so this is a good hedge if you are concerned about rising interest rates.

  Another one that's really performed, and it's paying a 6.9% yield right now, Guggenheim Strategic Opportunities, ticker (GOF), that's actually Claymore Guggenheim, holds corporate and government backed, that it's mostly investment-grade and it's paying a 10.1% yield right now, which is pretty high. Those are three that I could recommend right now.

  Steven Halpern: Well, we really appreciate you joining us today and sharing your expertise. Thank you.

  Harry Domash: You're welcome.

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source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-consumer-service-companies-to-buy-for-2015-2.html