Unitil Corporation (UTL) To Go Ex-Dividend on November 13th

Unitil Corporation (NYSE:UTL – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.4750 per share by the utilities provider on Monday, November 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 13th.

Unitil has a payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Unitil to earn $3.49 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 54.4%.

Unitil Stock Down 0.4%

UTL opened at $55.90 on Wednesday. Unitil has a 1 year low of $46.91 and a 1 year high of $58.33. The firm has a 50 day moving average price of $53.31 and a 200 day moving average price of $52.63. The company has a market cap of $1.04 billion, a PE ratio of 17.97 and a beta of 0.27. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.50.

Unitil (NYSE:UTL – Get Free Report) last posted its earnings results on Monday, November 2nd. The utilities provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. Unitil had a net margin of 9.16% and a return on equity of 9.19%. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $113.11 million. Sell-side analysts expect that Unitil will post 3.30 earnings per share for the current year.

Unitil Company Profile

(Get Free Report)

Unitil Corporation is a regulated public utility holding company headquartered in Hampton, New Hampshire. Through its utility subsidiaries, it distributes electricity and natural gas to residential, commercial, and industrial customers. Unitil’s electric service territory includes communities in New Hampshire and Massachusetts, while its natural gas operations serve customers in New Hampshire, Maine, and Massachusetts. Its work includes operating and maintaining the local infrastructure that delivers these essential services.

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Dividend History for Unitil (NYSE:UTL)

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