Unitil's Board Boosts Shareholder Value With 5.9% Dividend Hike

Unitil Corporation (UTL) announced that its board of directors has increased dividends by 5.9%. The new quarterly dividend will be 45 cents per share compared with the previous quarter’s 42.5 cents. The new dividend will be payable on Feb. 28, 2025, to stockholders of record as of Feb. 13, 2025.The increased dividend rate resulted in an annualized dividend of $1.80 per share compared with the previous level of$1.70. The company targets 55-65% annual dividend payout ratio. The current dividend yield is 3.17 ...