Unitil's latest quarterly dividend of $0.425 per share was on Feb 13, 2024 (ex-date). The annualized dividend distribution of $1.64 per share represents a current dividend yield of 3.23%. The latest UTL payment of $0.425 marks a dividend growth of 4.9%.
UTL has a dividend yield of 3.23% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.48%, Unitil's dividend yield is 7% lower. The historical 5-year average of UTL's dividend yield is 3.1%, which is similar to the current yield.
Unitil has a history of paying dividends since 1994. Our records of UTL show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 4.1% since twelve months ago. And with the price of the stock down by 14% from a year ago, the dividend yield has an increase of 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 13, 2024 | Feb 29, 2024 | Jan 31, 2024 | $0.425 | normal |
| Nov 13, 2023 | Nov 28, 2023 | Oct 23, 2023 | $0.405 | normal |
| Aug 11, 2023 | Aug 28, 2023 | Jul 26, 2023 | $0.405 | normal |
| May 15, 2023 | May 30, 2023 | Apr 26, 2023 | $0.405 | normal |
| Feb 13, 2023 | Feb 28, 2023 | Jan 25, 2023 | $0.405 | normal |
| Nov 10, 2022 | Nov 28, 2022 | Oct 26, 2022 | $0.39 | normal |
| Aug 11, 2022 | Aug 26, 2022 | Jul 27, 2022 | $0.39 | normal |
| May 12, 2022 | May 27, 2022 | Apr 27, 2022 | $0.39 | normal |
| Feb 10, 2022 | Feb 25, 2022 | Jan 26, 2022 | $0.39 | normal |
| Nov 12, 2021 | Nov 29, 2021 | Oct 27, 2021 | $0.38 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 28, 2021 | $0.38 | normal |
| May 13, 2021 | May 28, 2021 | Apr 28, 2021 | $0.38 | normal |
| Feb 11, 2021 | Feb 26, 2021 | Jan 27, 2021 | $0.38 | normal |
| Nov 13, 2020 | Nov 30, 2020 | Oct 28, 2020 | $0.375 | normal |
| Aug 13, 2020 | Aug 28, 2020 | Jul 29, 2020 | $0.375 | normal |
| May 14, 2020 | May 29, 2020 | Apr 29, 2020 | $0.375 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Jan 29, 2020 | $0.375 | normal |
| Nov 12, 2019 | Nov 27, 2019 | Oct 23, 2019 | $0.37 | normal |
| Aug 14, 2019 | Aug 29, 2019 | Jul 24, 2019 | $0.37 | normal |
| May 14, 2019 | May 29, 2019 | Apr 24, 2019 | $0.37 | normal |
| Feb 13, 2019 | Feb 28, 2019 | Jan 30, 2019 | $0.37 | normal |
| Nov 14, 2018 | Nov 29, 2018 | Oct 24, 2018 | $0.365 | normal |
| Aug 14, 2018 | Aug 29, 2018 | Jul 25, 2018 | $0.365 | normal |
| May 14, 2018 | May 29, 2018 | Apr 25, 2018 | $0.365 | normal |
| Feb 13, 2018 | Feb 28, 2018 | Jan 30, 2018 | $0.365 | normal |
| Nov 14, 2017 | Nov 29, 2017 | Oct 25, 2017 | $0.36 | normal |
| Aug 11, 2017 | Aug 29, 2017 | Jul 26, 2017 | $0.36 | normal |
| May 12, 2017 | May 30, 2017 | Apr 26, 2017 | $0.36 | normal |
| Feb 10, 2017 | Feb 28, 2017 | Jan 25, 2017 | $0.36 | normal |
| Nov 9, 2016 | Nov 28, 2016 | Oct 19, 2016 | $0.355 | normal |
| Aug 10, 2016 | Aug 26, 2016 | Jul 20, 2016 | $0.355 | normal |
UTL has a payout ratio of 58.2% which is lower than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 66.2%, Unitil's payout ratio is 12% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NI Nisource Inc | 3.61% | $1.02 | 63.8% |
| ED Consolidated Edison Inc | 3.46% | $3.26 | 45% |
| PEG Public Service Enterprise Group Inc | 3.39% | $2.31 | 44.9% |
| UTL Unitil Corp | 3.25% | $1.64 | 58.2% |
Yes, Unitil has been paying dividends for the last 30 years.
At this point we don't have a record of UTL's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Unitil's last dividend ex-date was on Feb 13, 2024. The dividend amount was $0.425 per share.
UTL has paid dividend of $1.64 per share in the last year.
The current dividend yield of Unitil is 3.23%.
Unitil has a quarterly dividend frequency.
The dividend payout ratio of Unitil is 58.2%.
Unitil's dividend yield is below the Utilities sector average.