Unitil Corporation (NYSE:UTL) Stock to Pay Quarterly Dividend of $0.47

Key Points

• Unitil declared a quarterly dividend of $0.475 per share, payable November 30 to shareholders of record November 13. The annualized dividend is $1.90 per share, representing a 3.5% yield.
• The dividend appears well covered, with a current payout ratio of 57.8% and an expected future payout ratio of 54.1% based on projected earnings.
• Unitil’s latest quarterly results exceeded expectations, reporting $0.29 in EPS versus the $0.26 consensus estimate and revenue of $117 million versus $113.19 million expected.

Unitil Corporation (NYSE:UTL - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be paid a dividend of $0.4750 per share by the utilities provider on Monday, November 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 13th.

Unitil has a payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unitil to earn $3.51 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 54.1%.

Unitil Price Performance

UTL opened at $54.78 on Thursday. The business has a fifty day moving average of $52.90 and a 200 day moving average of $52.36. Unitil has a 52-week low of $46.91 and a 52-week high of $57.26. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 1.06. The stock has a market cap of $998.95 million, a P/E ratio of 17.28 and a beta of 0.26.

Unitil (NYSE:UTL - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. Unitil had a return on equity of 9.53% and a net margin of 9.49%. The company had revenue of $117.00 million for the quarter, compared to the consensus estimate of $113.19 million. As a group, sell-side analysts anticipate that Unitil will post 3.31 EPS for the current year.

Unitil Company Profile

Unitil Corporation is a regulated public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in New Hampshire and Massachusetts. Its operations focus primarily on the distribution of energy through local utility networks rather than the production of electricity or natural gas.

Through its operating subsidiaries, Unitil provides electric distribution service in portions of New Hampshire and Massachusetts and natural gas distribution service in parts of southern New Hampshire and central Massachusetts.

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