Unitil Increases Common Stock Dividend

Rhea-AI Summary

Unitil Corporation (NYSE: UTL) announced a quarterly dividend increase to $0.405 per share, up by $0.015, resulting in an annualized dividend of $1.62. This dividend will be payable on February 28, 2023, to shareholders of record as of February 14, 2023. Unitil, serving over 108,100 electric and 87,500 natural gas customers in New England, remains committed to safe and reliable energy delivery. The increase reflects confidence in the company's financial health and commitment to returning value to shareholders.

Positive

• Quarterly dividend increased to $0.405 per share.
• Annualized dividend now $1.62 per share.
• Demonstrates company confidence and financial stability.

Negative

• None.

HAMPTON, N.H., Jan. 25, 2023 (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 $0.405 per share, an increase of $0.015 per share. Today’s action increased the Company’s annualized dividend by $0.060, to $1.62 per share. Also today, the Board declared the first quarter common stock dividend of $0.405 per share, payable February 28, 2023, to shareholders of record on February 14, 2023.

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 new dividend amount for Unitil Corporation (UTL)?

The new dividend amount is $0.405 per share.

When is the dividend payment date for Unitil Corporation (UTL)?

The dividend payment date is February 28, 2023.

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

The annualized dividend is now $1.62 per share.

Who are the shareholders eligible for the dividend payment from Unitil Corporation (UTL)?

Shareholders of record on February 14, 2023, are eligible for the dividend payment.