Unitil Co. (NYSE:UTL) to Issue $0.43 Quarterly Dividend

Unitil Co. (NYSE:UTL) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.425 per share by the utilities provider on Friday, November 29th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 14th.

Unitil has raised its dividend payment by an average of 2.6% annually over the last three years. Unitil has a payout ratio of 54.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Unitil to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 55.2%.

Unitil Stock Performance

Unitil stock opened at $59.46 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82. Unitil has a 12 month low of $45.26 and a 12 month high of $63.52. The company has a fifty day moving average price of $59.18 and a two-hundred day moving average price of $56.37. The company has a market cap of $962.66 million, a PE ratio of 20.29 and a beta of 0.61.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts.