HAMPTON, N.H., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors raised the quarterly dividend on the Company's common stock to $0.425 per share, an increase of $0.02 per share. Today's action increased the Company's annualized dividend by $0.08, to $1.70 per share. Also today, the Board declared the first quarter common stock dividend of $0.425 per share, payable February 29, 2024, to shareholders of record on February 14, 2024.

About Unitil Corporation

Unitil Corporation provides energy for life by safely and reliably delivering natural gas and electricity in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil's operating utilities serve approximately 108,500 electric customers and 88,400 natural gas customers. For more information about our people, technologies, and community involvement please visit unitil.com.

For more information please contact:

Todd Diggins – Investor Relations

Phone: 603-773-6504

Email: diggins@unitil.com

Alec O'Meara – External Affairs

Phone: 603-773-6404

Email: omeara@unitil.com