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UTL Unitil dividend history, payout ratio & dates

Unitil's latest quarterly dividend of $0.425 per share was on May 15, 2024 (ex-date). The annualized dividend distribution of $1.66 per share represents a current dividend yield of 3.06%.

Key dates

  • UTL last dividend date: May 15, 2024
  • UTL next dividend date: Not announced
UTL dividend stats
DPS
$1.66
Dividend yield
3.08%
Payout ratio
55.3%
vs. Utilities sector
Dividend yield
3.34%
Payout ratio
65.3%

Dividend yield

What is Unitil current dividend yield

UTL has a dividend yield of 3.06% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.34%, Unitil's dividend yield is 8% lower. The historical 5-year average of UTL's dividend yield is 3.1%, which is similar to the current yield.

Dividend history

What is UTL dividend payout history and dates

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 4.4% since twelve months ago. And with the price of the stock down by 1.8% from a year ago, the dividend yield has an increase of 6%.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 15, 2024 May 31, 2024 May 1, 2024 $0.425 normal
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

Unitil dividend payout ratio

What is Unitil dividend payout ratio compared to the sector

Payout ratio

UTL has a payout ratio of 55.3% which is lower than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 65.3%, Unitil's payout ratio is 15% lower.

Total amount of dividends paid per financial year (from cash flow)

UTL dividend vs peer dividends

How does UTL dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NI Nisource Inc 3.53% $1.03 64.4%
ED Consolidated Edison Inc 3.41% $3.28 62.6%
UTL Unitil Corp 3.08% $1.66 55.3%
PEG Public Service Enterprise Group Inc 3.08% $2.31 63.6%

Frequently asked questions

Does Unitil pay a dividend?

Yes, Unitil has been paying dividends for the last 30 years.

When is Unitil's next dividend?

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 August 2024.

When was UTL's last dividend?

Unitil's last dividend ex-date was on May 15, 2024. The dividend amount was $0.425 per share.

How much dividend does Unitil pay (per share)?

UTL has paid dividend of $1.66 per share in the last year.

What is Unitil's dividend yield?

The current dividend yield of Unitil is 3.06%.

How often does Unitil pay dividends?

Unitil has a quarterly dividend frequency.

What is Unitil's dividend payout ratio?

The dividend payout ratio of Unitil is 55.3%.

Does Unitil pay a good dividend?

Unitil's dividend yield is below the Utilities sector average.