Exhibit 11.1
UNITIL CORPORATION
COMPUTATION IN SUPPORT OF EARNINGS PER SHARE
| Year Ended December 31, | ||||||||||||
| 2020 | 2019 | 2018 | ||||||||||
| EARNINGS PER SHARE (000’s, except per share data) |
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| Net Income |
$ | 32,166 | $ | 44,238 | $ | 33,041 | ||||||
| Less: Dividend Requirements on Preferred Stock |
11 | 11 | 11 | |||||||||
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| Net Income Applicable to Common Stock |
$ | 32,155 | $ | 44,227 | $ | 33,030 | ||||||
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| Average Number of Common Shares Outstanding—Basic |
14,951 | 14,894 | 14,824 | |||||||||
| Dilutive Effect of Stock Options and Restricted Stock |
1 | 6 | 5 | |||||||||
| Average Number of Common Shares Outstanding—Diluted |
14,952 | 14,900 | 14,829 | |||||||||
| Earnings Per Share—Basic |
$ | 2.15 | $ | 2.97 | $ | 2.23 | ||||||
| Earnings Per Share—Diluted |
$ | 2.15 | $ | 2.97 | $ | 2.23 | ||||||