Unitil Declares Common Stock Dividend

Rhea-AI Summary

Unitil Corporation (NYSE:UTL) announced a quarterly dividend of $0.39 per share, payable on November 28, 2022, to shareholders of record on November 14, 2022. This results in an annualized dividend rate of $1.56 per share. Unitil provides reliable energy services across New England, serving approximately 107,700 electric and 86,600 natural gas customers.

Positive

• Quarterly dividend of $0.39 per share enhances income for shareholders.
• Annualized dividend rate of $1.56 reflects company confidence.

Negative

• None.

HAMPTON, N.H., Oct. 26, 2022 (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 $0.39 per share, payable November 28, 2022, to shareholders of record on November 14, 2022. This quarterly dividend results in a current effective annualized dividend rate of $1.56 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 107,700 electric customers and 86,600 natural gas customers. For more information about our people, technologies, and community involvement please visit 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

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

Unitil Corporation announced a quarterly dividend of $0.39 per share.

When is the dividend payment date for UTL shareholders?

The dividend is payable on November 28, 2022.

Who are eligible shareholders for the UTL dividend?

Shareholders of record on November 14, 2022, are eligible.

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

The annualized dividend rate is $1.56 per share.

How many customers does Unitil Corporation serve?

Unitil serves approximately 107,700 electric customers and 86,600 natural gas customers.