Unitil Declares Common Stock Dividend

Rhea-AI Summary

Unitil (NYSE:UTL) has announced a quarterly dividend of $0.425 per share on its common stock. The dividend is payable on August 29, 2024, to shareholders of record as of August 15, 2024. This quarterly dividend translates to an effective annualized dividend rate of $1.70 per share.

Unitil is a public utility holding company operating in Maine, New Hampshire, and Massachusetts. The company provides electricity and natural gas services to approximately 108,500 electric customers and 88,400 natural gas customers across New England. Unitil emphasizes safe and reliable energy delivery, community involvement, and the development of efficient technologies and business practices.

Positive

• Consistent quarterly dividend payment of $0.425 per share
• Effective annualized dividend rate of $1.70 per share
• Stable customer base with 108,500 electric and 88,400 natural gas customers

Negative

• None.

HAMPTON, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company’s common stock of $0.425 per share, payable August 29, 2024, to shareholders of record on August 15, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share.

About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas 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 108,500 electric customers and 88,400 natural gas customers. For more information about our people, technologies, and community involvement please visit unitil.com.

For more information please contact: 

Christopher Goulding – Investor Relations
Phone: 603-773-6466
Email: gouldingc@unitil.com

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

FAQ

What is Unitil's (UTL) latest quarterly dividend amount?

Unitil (UTL) has declared a quarterly dividend of $0.425 per share on its common stock.

When is the ex-dividend date for Unitil's (UTL) latest dividend?

The ex-dividend date is not specified in the press release. However, shareholders of record on August 15, 2024, will be eligible for the dividend payment.

What is Unitil's (UTL) annualized dividend rate based on the latest declaration?

Based on the latest quarterly dividend of $0.425 per share, Unitil's (UTL) effective annualized dividend rate is $1.70 per share.

How many customers does Unitil (UTL) serve in New England?

Unitil (UTL) serves approximately 108,500 electric customers and 88,400 natural gas customers across New England.