UNITIL Corporation (NYSE:UTL) declared a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.36 per share by the utilities provider on Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, November 14th.

UNITIL Corporation has increased its dividend by an average of 1.0% annually over the last three years and has increased its dividend every year for the last 2 years. UNITIL Corporation has a payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect UNITIL Corporation to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 67.3%.

Shares of UNITIL Corporation (UTL) traded down 0.12% during trading on Thursday, reaching $51.92. The company’s stock had a trading volume of 31,555 shares. UNITIL Corporation has a 52 week low of $39.04 and a 52 week high of $52.84. The stock’s 50 day moving average price is $50.52 and its 200 day moving average price is $49.13. The company has a market cap of $732.85 million, a PE ratio of 24.95 and a beta of 0.21.

UNITIL Corporation (NYSE:UTL) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. UNITIL Corporation had a return on equity of 9.88% and a net margin of 7.52%. The firm had revenue of $475.20 million for the quarter, compared to analyst estimates of $82.80 million. During the same period in the prior year, the firm posted $0.25 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts predict that UNITIL Corporation will post $2.00 EPS for the current year.

UTL has been the topic of a number of research reports. Zacks Investment Research lowered UNITIL Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price objective on shares of UNITIL Corporation in a report on Monday, September 18th.

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About UNITIL Corporation

Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.

Dividend History for UNITIL Corporation (NYSE:UTL)

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