Unitil Increases Common Stock Dividend

Rhea-AI Summary

Unitil (NYSE:UTL) has announced an increase in its quarterly dividend on common stock to $0.45 per share, representing a $0.025 per share increase. This action raises the company's annualized dividend by $0.10 to $1.80 per share.

The Board declared the first quarter common stock dividend of $0.45 per share, payable on February 28, 2025, to shareholders of record on February 13, 2025. Unitil operates as a public utility holding company in Maine, New Hampshire, and Massachusetts, serving approximately 109,400 electric customers and 89,100 natural gas customers.

Positive

• Quarterly dividend increased by $0.025 to $0.45 per share
• Annual dividend raised by $0.10 to $1.80 per share
• Strong customer base with 109,400 electric and 89,100 natural gas customers

Negative

• None.

News Market Reaction – UTL

+3.11%

1 alert

+3.11% News Effect

On the day this news was published, UTL gained 3.11%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMPTON, N.H., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors raised the quarterly dividend on the Company’s common stock to $0.45 per share, an increase of $0.025 per share. Today’s action increased the Company’s annualized dividend by $0.10, to $1.80 per share. Also today, the Board declared the first quarter common stock dividend of $0.45 per share, payable February 28, 2025, to shareholders of record on February 13, 2025.

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 109,400 electric customers and 89,100 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 new quarterly dividend amount for 2025?

Unitil's new quarterly dividend is $0.45 per share, representing an increase of $0.025 per share.

When will Unitil (UTL) pay its first quarter 2025 dividend?

Unitil will pay its first quarter 2025 dividend on February 28, 2025, to shareholders of record as of February 13, 2025.

What is Unitil's (UTL) new annualized dividend rate?

Unitil's new annualized dividend rate is $1.80 per share, following a $0.10 increase.

How many customers does Unitil serve across its operating regions?

Unitil serves approximately 109,400 electric customers and 89,100 natural gas customers across Maine, New Hampshire, and Massachusetts.

What is the record date for Unitil's Q1 2025 dividend?

The record date for Unitil's first quarter 2025 dividend is February 13, 2025.