Unitil Co. (NYSE:UTL – Get Free Report) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Thursday, February 13th will be given a dividend of 0.45 per share by the utilities provider on Friday, February 28th. This represents a $1.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from Unitil’s previous quarterly dividend of $0.43.
Unitil has increased its dividend by an average of 3.8% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Unitil has a payout ratio of 54.5% 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 $1.80 annual dividend with an expected future payout ratio of 58.4%.
Unitil Stock Performance
Shares of UTL opened at $54.75 on Tuesday. The business’s fifty day moving average price is $54.53 and its 200 day moving average price is $57.62. Unitil has a 12-month low of $45.26 and a 12-month high of $63.52. The stock has a market capitalization of $886.37 million, a PE ratio of 18.69 and a beta of 0.63. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82.
About Unitil
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.
Read More
- Five stocks we like better than Unitil
- Golden Cross Stocks: Pattern, Examples and Charts
- Monday.com Stock Could Soar to New Highs—Here’s How
- What Investors Need to Know to Beat the Market
- Merck: 4 No-Brainer Reasons to Buy This Dip
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Ackman Announces Major Stake in Uber: Should You Follow His Lead?
Receive News & Ratings for Unitil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unitil and related companies with MarketBeat.com's FREE daily email newsletter.
