Unitil Corporation (NYSE:UTL – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Investors 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, November 13th.
Unitil has a payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.4%
UTL stock opened at $54.78 on Thursday. The firm has a 50 day moving average of $52.90 and a 200 day moving average of $52.36. The stock has a market capitalization of $998.95 million, a PE ratio of 17.28 and a beta of 0.26. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 1.06. Unitil has a 52 week low of $46.91 and a 52 week high of $57.26.
Unitil (NYSE:UTL – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $117.00 million for the quarter, compared to analyst estimates of $113.19 million. Unitil had a net margin of 9.49% and a return on equity of 9.53%. Sell-side analysts forecast that Unitil will post 3.31 earnings per share for the current year.
About Unitil
Unitil Corporation is a regulated public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in New Hampshire and Massachusetts. Its operations focus primarily on the distribution of energy through local utility networks rather than the production of electricity or natural gas.
Through its operating subsidiaries, Unitil provides electric distribution service in portions of New Hampshire and Massachusetts and natural gas distribution service in parts of southern New Hampshire and central Massachusetts.
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