Unitil Corporation (NYSE:UTL) to Issue $0.47 Quarterly Dividend

Unitil Corporation (NYSE:UTLGet Free Report) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.475 per share by the utilities provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th.

Unitil has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 12 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 Price Performance

Unitil stock opened at $56.19 on Wednesday. The stock’s 50 day moving average is $52.39 and its 200 day moving average is $51.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.57 and a quick ratio of 0.53. The firm has a market cap of $1.01 billion, a P/E ratio of 17.78 and a beta of 0.31. Unitil has a one year low of $44.61 and a one year high of $57.26.

Unitil (NYSE:UTLGet Free Report) last released its earnings results on Monday, May 4th. The utilities provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Unitil had a net margin of 9.60% and a return on equity of 9.89%. The business had revenue of $216.90 million during the quarter, compared to the consensus estimate of $179.13 million. As a group, research analysts expect that Unitil will post 3.31 EPS for the current year.

Unitil Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Unitil (NYSE:UTL)

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