Unitil Board Raises Quarterly Dividend On Common Stock From $0.405 To $0.425 Per Share
Portfolio Pulse from Benzinga Newsdesk
Unitil Corporation's Board of Directors has increased the quarterly dividend on its common stock from $0.405 to $0.425 per share, resulting in an annualized dividend of $1.70 per share. The first quarter common stock dividend of $0.425 per share will be payable on February 29, 2024, to shareholders of record on February 14, 2024.
January 31, 2024 | 9:38 pm
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Unitil Corporation has raised its quarterly dividend, which may attract income-focused investors and potentially increase the stock's desirability.
Dividend increases are often viewed positively by the market as they can signal a company's strong financial health and commitment to returning value to shareholders. This increase in Unitil's dividend may make the stock more attractive to income-seeking investors, which could lead to a short-term uptick in the stock price.
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