Unitil Corporation (NYSE:UTL) ( www.unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.345 per share, payable on May 15, 2013 to shareholders of record on May 1, 2013. This quarterly dividend results in a current effective annual dividend rate of $1.38 per share. 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 101,700 electric customers and 73,700 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.
Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, UNITIL Corp will trade ex-dividend, for its quarterly dividend of $0.35, payable on 2/27/15. As a percentage of UTL's recent stock price of $36.41, this dividend works out to approximately 0.96%, so look for shares of UNITIL Corp to trade 0.96% lower — all else being equal — when UTL shares open for trading on 2/11/15.