Unitil Declares Common Stock Dividend

Rhea-AI Summary

Unitil Corporation (NYSE:UTL) has declared a **quarterly dividend** of **$0.405** per share on its common stock, set to be paid on **May 30, 2023**, to shareholders recorded by **May 16, 2023**. This dividend results in an **annualized rate** of **$1.62** per share, reinforcing the company's commitment to providing shareholder returns. Unitil Corporation operates in **New England**, delivering natural gas and electricity and serving approximately **108,100 electric** and **87,500 natural gas** customers. Their focus on community involvement and efficient energy delivery underlines their dedication to sustainable practices.

Positive

• Quarterly dividend of $0.405 per share enhances shareholder income.
• Effective annualized dividend rate increased to $1.62 per share.
• Company demonstrates commitment to regular dividend payments.

Negative

• None.

HAMPTON, N.H., April 26, 2023 (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 $0.405 per share, payable May 30, 2023, to shareholders of record on May 16, 2023. This quarterly dividend results in a current effective annualized dividend rate of $1.62 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 108,100 electric customers and 87,500 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 declared by Unitil Corporation?

Unitil Corporation has declared a quarterly dividend of $0.405 per share.

When is the dividend payment date for Unitil Corporation?

The dividend payment date is May 30, 2023.

What is the record date for Unitil Corporation's dividend?

The record date for the dividend is May 16, 2023.

What is the annualized dividend rate for Unitil Corporation?

The current effective annualized dividend rate for Unitil Corporation is $1.62 per share.