HAMPTON, N.H.--(BUSINESS WIRE)--Jan. 26, 2015-- Unitil Corporation (NYSE:UTL) (www.unitil.com) today announced that its Board of Directors raised the quarterly dividend on the Company’s common stock from $0.345 per share to $0.35 per share, increasing the effective annual dividend rate by $0.02 per share to an annual rate of $1.40 per share. The Board declared the first quarter common stock dividend payable February 27, 2015, to shareholders of record on February 13, 2015.
“We understand the importance of the dividend to our shareholders. Today we are very pleased to report that we’ve increased our dividend to ensure we continue to provide this value to our shareholders. This reflects the confidence we have in our business plan,” said Robert G. Schoenberger, Unitil’s chairman, president, and chief executive officer.
About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering natural gas and electricity in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 102,700 electric customers and 77,900 natural gas customers. Other subsidiaries include Usource, Unitil’s non-regulated business segment. For more information about our people, technologies, and community involvement please visit www.unitil.com.
Source: Unitil Corporation
Unitil Corporation
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