Unitil Co. (NYSE:UTL) Announces Quarterly Dividend of $0.43

Unitil Co. (NYSE:UTL) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be given 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 of this dividend is Thursday, November 14th.

Unitil has increased its dividend by an average of 2.6% per year over the last three years. Unitil has a payout ratio of 54.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

UTL opened at $59.46 on Wednesday. Unitil has a twelve month low of $45.26 and a twelve month high of $63.52. The firm has a market cap of $962.66 million, a price-to-earnings ratio of 20.29 and a beta of 0.61. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $59.18 and a 200 day simple moving average of $56.37.

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.