Unitil increases dividend payout to shareholders

  • Unitil raises quarterly dividend by 2 cents per share
  • New dividend of 42.5 cents per share
  • Dividend yield of 3.5%
  • Payable on Feb. 29 to shareholders on record on Feb. 14
  • Unitil has operations in Maine, New Hampshire, and Massachusetts

Unitil announced that its board has approved a 2 cent-per-share increase to the company’s quarterly dividend. The new dividend of 42.5 cents per share will be payable on Feb. 29 to shareholders on record on Feb. 14. This represents an annual dividend of $1.70 per share and a dividend yield of 3.5% based on the stock’s Jan. 31 closing price of $47.52 per share. Unitil, a public utility holding company, previously raised its quarterly dividend in January 2023. With operations in Maine, New Hampshire, and Massachusetts, Unitil continues to provide value to its shareholders through increased dividend payouts.

Public Companies: Unitil (N/A)
Private Companies:
Key People:

Factuality Level: 10
Justification: The article provides factual information about Unitil’s board approving a dividend increase, the new dividend amount, the payment date, the record date, and the dividend yield. It also mentions the previous dividend increase in January 2023 and provides information about Unitil’s operations in Maine, New Hampshire, and Massachusetts. There are no digressions, misleading information, sensationalism, redundancy, opinion masquerading as fact, bias, or logical errors in the article.

Noise Level: 8
Justification: The article provides straightforward information about Unitil’s board approving a dividend increase. However, it lacks analysis, evidence, and actionable insights. It stays on topic and does not dive into unrelated territories, but it does not hold powerful people accountable or explore the consequences of decisions. Overall, it contains mostly filler content and does not provide much value beyond the basic information.

Financial Relevance: Yes
Financial Markets Impacted: Unitil

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial company, Unitil, and its decision to increase its quarterly dividend.

Reported publicly: www.marketwatch.com