Unitil Declares Common Stock Dividend

Rhea-AI Summary

Unitil Corporation (NYSE: UTL) has declared a quarterly dividend of $0.375 per share, set to be paid on August 28, 2020, to shareholders of record by August 14, 2020. This results in an effective annualized dividend rate of $1.50 per share. Unitil provides energy solutions across New England, serving approximately 106,100 electric and 83,900 natural gas customers, demonstrating its commitment to reliable energy delivery.

Positive

• Quarterly dividend of $0.375 per share, reflecting commitment to shareholder returns.
• Effective annualized dividend rate now stands at $1.50 per share.

Negative

• None.

HAMPTON, N.H., July 29, 2020 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (www.unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company’s common stock of $0.375 per share, payable August 28, 2020, to shareholders of record on August 14, 2020. This quarterly dividend results in a current effective annualized dividend rate of $1.50 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 106,100 electric customers and 83,900 natural gas customers. For more information about our people, technologies, and community involvement please visit www.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 declared a quarterly dividend of $0.375 per share.

When will Unitil Corporation pay its dividend?

The dividend will be paid on August 28, 2020.

What is the annualized dividend rate for Unitil Corporation?

The effective annualized dividend rate is $1.50 per share.

Who are the customers served by Unitil Corporation?

Unitil serves approximately 106,100 electric customers and 83,900 natural gas customers.