Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas 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. It also operates 86 miles of interstate underground natural gas transmission pipeline that provides interstate natural gas pipeline access and transportation services primarily in Maine and New Hampshire. In addition, the company provides energy brokering and advisory services to commercial and industrial customers; and real estate management services. It serves approximately 107,700 electric customers and 86,600 natural gas customers. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.
Unitil Dividend Announcement
• Unitil announced a quarterly dividend of $0.42 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-14
• Unitil annual dividend for 2024 was $1.70
• Unitil annual dividend for 2023 was $1.62
• Unitil's trailing twelve-month (TTM) dividend yield is 2.8%
• Unitil's payout ratio for the trailing twelve months (TTM) is 57.87%
• Unitil's dividend growth over the last five years (2018-2023) was 2.10% year
• Unitil's dividend growth over the last ten years (2013-2023) was 1.62% year
Unitil Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.42 | quarterly | 2024-11-29 |
2024-08-15 | $0.42 | quarterly | 2024-08-29 |
2024-05-15 | $0.42 | quarterly | 2024-05-31 |
2024-02-13 | $0.42 | quarterly | 2024-02-29 |
2023-11-13 | $0.41 | quarterly | 2023-11-28 |
2023-08-11 | $0.41 | quarterly | 2023-08-28 |
2023-05-15 | $0.41 | quarterly | 2023-05-30 |
2023-02-13 | $0.41 | quarterly | 2023-02-28 |
2022-11-10 | $0.39 | quarterly | 2022-11-28 |
2022-08-11 | $0.39 | quarterly | 2022-08-26 |
2022-05-12 | $0.39 | quarterly | 2022-05-27 |
2022-02-10 | $0.39 | quarterly | 2022-02-25 |
2021-11-12 | $0.38 | quarterly | 2021-11-29 |
2021-08-12 | $0.38 | quarterly | 2021-08-27 |
2021-05-13 | $0.38 | quarterly | 2021-05-28 |
2021-02-11 | $0.38 | quarterly | 2021-02-26 |
2020-11-13 | $0.38 | quarterly | 2020-11-30 |
2020-08-13 | $0.38 | quarterly | 2020-08-28 |
2020-05-14 | $0.38 | quarterly | 2020-05-29 |
2020-02-13 | $0.38 | quarterly | 2020-02-28 |
2019-11-12 | $0.37 | quarterly | 2019-11-27 |
2019-08-14 | $0.37 | quarterly | 2019-08-29 |
2019-05-14 | $0.37 | quarterly | 2019-05-29 |
2019-02-13 | $0.37 | quarterly | 2019-02-28 |
2018-11-14 | $0.36 | quarterly | 2018-11-29 |
2018-08-14 | $0.36 | quarterly | 2018-08-29 |
2018-05-14 | $0.36 | quarterly | 2018-05-29 |
2018-02-13 | $0.36 | quarterly | 2018-02-28 |
2017-11-14 | $0.36 | quarterly | 2017-11-29 |
2017-08-11 | $0.36 | quarterly | 2017-08-29 |
2017-05-12 | $0.36 | quarterly | 2017-05-30 |
2017-02-10 | $0.36 | quarterly | 2017-02-28 |
2016-11-09 | $0.35 | quarterly | 2016-11-28 |
2016-08-10 | $0.35 | quarterly | 2016-08-26 |
2016-05-11 | $0.35 | quarterly | 2016-05-27 |
2016-02-10 | $0.35 | quarterly | 2016-02-26 |
2015-11-10 | $0.35 | quarterly | 2015-11-27 |
2015-08-12 | $0.35 | quarterly | 2015-08-28 |
2015-05-12 | $0.35 | quarterly | 2015-05-28 |
2015-02-11 | $0.35 | quarterly | 2015-02-27 |
2014-11-12 | $0.34 | quarterly | 2014-11-28 |
2014-08-13 | $0.34 | quarterly | 2014-08-29 |
2014-05-13 | $0.34 | quarterly | 2014-05-29 |
2014-02-12 | $0.34 | quarterly | 2014-02-28 |
2013-10-30 | $0.34 | quarterly | 2013-11-15 |
2013-07-30 | $0.34 | quarterly | 2013-08-15 |
2013-04-29 | $0.34 | quarterly | 2013-05-15 |
2013-01-30 | $0.34 | quarterly | 2013-02-15 |
Unitil Dividend per year
Unitil Dividend growth
Unitil Dividend Yield
Unitil current trailing twelve-month (TTM) dividend yield is 2.8%. Interested in purchasing Unitil stock? Use our calculator to estimate your expected dividend yield:
Unitil Financial Ratios
Unitil Dividend FAQ
Other factors to consider when evaluating Unitil as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Unitil's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Unitil publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Unitil distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Unitil are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Unitil sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Unitil distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Unitil declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Unitil's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Unitil's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.