EX-11 3 dex11.htm COMPUTATION IN SUPPORT OF EARNINGS PER AVERAGE COMMON SHARE Computation in Support of Earnings Per Average Common Share

EXHIBIT 11.

 

UNITIL CORPORATION AND SUBSIDIARY COMPANIES

 

COMPUTATION OF EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING

(000’s except for per share data)

(UNAUDITED)

 

     Three Months Ended
March 31,

(000’s, except per share data)

 

    2005
    2004

Net Income

    $ 2,710    $ 2,806

Less: Dividend Requirements on Preferred Stock

      39      59
    
  

Net Income Applicable to Common Stock

    $ 2,671    $ 2,747
    
  

Average Number of Common Shares Outstanding – Basic

      5,533      5,494

Dilutive Effect of Stock Options and Restricted Stock

      16      15

Average Number of Common Shares Outstanding – Diluted

      5,549      5,509

Earnings Per Share – Basic

    $ 0.48    $ 0.50

Earnings Per Share – Diluted

    $ 0.48    $ 0.50