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Unitil (UTL) will raise its quarterly dividend by 1.4 percent to $0.355 per share in 2016. Last year UTL hiked its dividend for the first time since 1999.

Unitil Corporation is a utility holding company.Unitil’s principal business is the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. Unitil is the parent company of three wholly-owned distribution utilities: Unitil Energy, Fitchburg and Northern Utilities. Unitil has an unbroken record of continuously paying quarterly cash dividends and has never decreased the dividend on its common stock.