EX-11 2 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

June 30,

   

Six Months Ended

June 30,

(000’s, except per share data)

 

    2005
    2004
    2005
    2004

Net Income

    $ 1,536    $ 1,604    $ 4,246    $ 4,410

Less: Dividend Requirements on Preferred Stock

      39      58      78      117
    
  
  
  

Net Income Applicable to Common Stock

    $ 1,497    $ 1,546    $ 4,168    $ 4,293
    
  
  
  

Weighted Average Number of Common Shares Outstanding – Basic

      5,547,269      5,504,882      5,540,196      5,499,568

Dilutive Effect of Stock Options and Restricted Stock

      15,846      15,031      15,194      14,787

Weighted Average Number of Common Shares Outstanding – Diluted

      5,563,115      5,519,913      5,555,390      5,514,355

Earnings Per Share – Basic

    $ 0.27    $ 0.28    $ 0.75    $ 0.78

Earnings Per Share – Diluted

    $ 0.27    $ 0.28    $ 0.75    $ 0.78