Canopy Growth stock tumbles after announcing $200 million share sale plan
HAMPTON, N.H. - Unitil Corporation (NYSE:UTL), a utility company with a market capitalization of $825 million, announced Tuesday that its Board of Directors has declared a quarterly dividend of $0.45 per share on the company’s common stock. The dividend announcement comes as the stock trades near its 52-week low, offering a current yield of 3.55%.
The dividend will be payable on August 28, 2025, to shareholders of record as of August 14, 2025, according to a press release statement from the utility holding company.
This quarterly payment represents an effective annualized dividend rate of $1.80 per share.
Unitil Corporation provides electricity and natural gas services across New England, with operations in Maine, New Hampshire, and Massachusetts. The company currently serves approximately 109,400 electric customers and 97,600 natural gas customers throughout the region.
The company describes itself as focused on safely and reliably delivering energy while developing practices and technologies aimed at improving efficiency in energy delivery.
In other recent news, UNITIL Corporation reported its first-quarter 2025 earnings, showing adjusted earnings per share of $1.74, which was just below the analysts’ forecast of $1.75. Despite the slight miss on earnings per share, the company’s revenue exceeded expectations, coming in at $207 million compared to the anticipated $193.03 million. These earnings and revenue results are significant for investors as they provide insight into UNITIL’s financial performance. The announcement of these results was followed by a decline in UNITIL’s stock. However, the revenue surpassing expectations indicates a strong sales performance for the quarter. No analyst upgrades or downgrades were reported in connection with these earnings results. These recent developments are crucial for investors monitoring UNITIL’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.