Unitil Declares Common Stock Dividend

Unitil Corporation (NYSE:UTL) has declared a quarterly dividend of $0.38 per share, payable on May 28, 2021, to shareholders of record by May 14, 2021.

Rhea-AI Summary

Unitil Corporation (NYSE:UTL) has declared a quarterly dividend of $0.38 per share, payable on May 28, 2021, to shareholders of record by May 14, 2021. This announcement results in an annualized dividend rate of $1.52 per share. Unitil operates in New England, providing energy to approximately 107,100 electric customers and 85,600 natural gas customers across Maine, New Hampshire, and Massachusetts.

Positive

• Quarterly dividend of $0.38 per share enhances shareholder income.
• Annualized dividend rate of $1.52 per share reflects company confidence.

Negative

• None.

Argus Publication session

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News Market Reaction – UTL

In the trading session that priced this news, UTL gained 0.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HAMPTON, N.H., April 28, 2021 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (www.unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company’s common stock of $0.38 per share, payable May 28, 2021, to shareholders of record on May 14, 2021. This quarterly dividend results in a current effective annualized dividend rate of $1.52 per share.

About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering natural gas and electricity in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 107,100 electric customers and 85,600 natural gas customers. For more information about our people, technologies, and community involvement please visit www.unitil.com.

For more information please contact:                                                 

Todd Diggins – Investor Relations
Phone: 603-773-6504
Email: diggins@unitil.com

Alec O’Meara – Media Relations                                                                                               
Phone: 603-773-6404                                
Email: omeara@unitil.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Unitil Corporation (UTL)?

Unitil Corporation declared a quarterly dividend of $0.38 per share.

When is the dividend payable for Unitil Corporation (UTL)?

The dividend is payable on May 28, 2021.

What is the record date for the dividend from Unitil Corporation (UTL)?

The record date for the dividend is May 14, 2021.

What is the annualized dividend rate for Unitil Corporation (UTL)?

The annualized dividend rate is $1.52 per share.