EX-11.1 3 dex111.htm STATEMENT RE: COMPUTATION IN SUPPORT OF EARNINGS PER SHARE Statement Re: Computation in Support of Earnings per Share

Exhibit 11.1

 

UNITIL CORPORATION

 

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

 

     Year Ended December 31,
     2008
    2007
    2006

EARNINGS PER SHARE (000’s, except per share data)

                     

Net Income

    $ 9,735    $ 8,746    $ 8,033

Less: Dividend Requirements on Preferred Stock

      135      136      133
    
  
  

Net Income Applicable to Common Stock

    $ 9,600    $ 8,610    $ 7,900
    
  
  

Average Number of Common Shares Outstanding—Basic

      5,830      5,659      5,597

Dilutive Effect of Stock Options and Restricted Stock

      —      13      15

Average Number of Common Shares Outstanding—Diluted

      5,830      5,672      5,612

Earnings Per Share—Basic

    $ 1.65    $ 1.52    $ 1.41

Earnings Per Share—Diluted

    $ 1.65    $ 1.52    $ 1.41