Unitil Co. (NYSE:UTL) Announces $0.38 Quarterly Dividend

Unitil Co. (NYSE:UTL) announced a quarterly dividend on Wednesday, October 28th, Zacks reports. Stockholders of record on Monday, November 16th will be given a dividend of 0.375 per share by the utilities provider on Monday, November 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, November 13th.

Unitil has raised its dividend by 4.2% over the last three years and has increased its dividend every year for the last 1 years.

Shares of Unitil stock traded down $0.30 during trading hours on Friday, reaching $35.54. The company’s stock had a trading volume of 558 shares, compared to its average volume of 68,036. The firm has a 50 day moving average price of $39.45 and a 200-day moving average price of $44.46. Unitil has a one year low of $34.27 and a one year high of $65.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market cap of $537.49 million, a P/E ratio of 16.67, a P/E/G ratio of 3.84 and a beta of 0.19.

Unitil (NYSE:UTL) last posted its earnings results on Thursday, October 29th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). Unitil had a return on equity of 8.42% and a net margin of 7.69%. As a group, sell-side analysts forecast that Unitil will post 2.15 EPS for the current fiscal year.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Unitil from a “buy” rating to a “hold” rating in a research note on Friday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $56.00 price target on shares of Unitil in a research note on Thursday, July 23rd. TheStreet cut shares of Unitil from a “b-” rating to a “c+” rating in a research note on Thursday, July 9th. Finally, Bank of America raised shares of Unitil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 16th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Unitil currently has a consensus rating of “Hold” and a consensus target price of $53.75.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. 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 the greater Fitchburg area of north central Massachusetts.

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Dividend History for Unitil (NYSE:UTL)

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