Unitil Corporation (UTL) to Issue Quarterly Dividend of $0.48 on May 29th

Unitil Corporation (NYSE:UTL) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.475 per share by the utilities provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, May 14th.

Unitil has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Unitil has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Unitil to earn $3.51 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 54.1%.

Unitil Trading Up 0.1%

Shares of Unitil stock opened at $50.81 on Tuesday. The company has a market capitalization of $914.07 million, a price-to-earnings ratio of 16.08 and a beta of 0.33. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.99. Unitil has a 12-month low of $44.61 and a 12-month high of $57.18. The firm’s 50-day moving average price is $52.55 and its two-hundred day moving average price is $50.67.

Unitil (NYSE:UTL) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $216.90 million for the quarter, compared to the consensus estimate of $179.13 million. Unitil had a net margin of 9.60% and a return on equity of 9.89%. On average, analysts forecast that Unitil will post 3.31 earnings per share for the current fiscal year.

Unitil Company Profile

Unitil Corporation (NYSE: UTL) is a publicly traded energy delivery company that provides regulated electric and natural gas distribution services. The company delivers energy to residential, commercial and industrial customers through a network of distribution systems, offering safe and reliable service across its service areas. Unitil’s operations include system maintenance, emergency response, meter reading and customer support functions, all governed by state regulatory commissions.

Headquartered in Hampton, New Hampshire, Unitil serves communities in New Hampshire, Massachusetts and Maine.