Welcome to our dedicated page for Unitil Corporation news (Ticker: $UTL), a resource for investors and traders seeking the latest updates and insights on Unitil Corporation stock.
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Unitil reported a Net Income of $27.2 million, or $1.69 EPS, for the first quarter of 2024, showing an increase of $3.1 million in Net Income compared to the same period in 2023. The Electric and Gas GAAP Gross Margins were $20.1 million and $50.2 million, respectively. The company's successful performance was attributed to the response to winter storms, progress on regulatory initiatives, and disciplined cost management.
Unitil held its Annual Meeting of Shareholders, electing new Directors and approving key decisions. Thomas P. Meissner, Jr., presented highlights from 2023, focusing on a transition to a clean energy future. Shareholders also approved the Company's Third Amended and Restated Stock Plan and Deloitte & Touche, LLP as independent registered public accountants for 2024.
Unitil (NYSE:UTL) declared a regular quarterly dividend of $0.425 per share on its common stock, payable on May 31, 2024, to shareholders of record on May 16, 2024. This results in an annualized dividend rate of $1.70 per share. Unitil is a public utility company providing electricity and natural gas in New England.