EX-11 2 dex11.htm COMPUTATION IN SUPPORT OF EARNINGS PER AVERAGE COMMON SHARE Computation in Support of Earnings Per Average Common Share

UNITIL CORPORATION AND SUBSIDIARY COMPANIES

 

COMPUTATION OF EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING

(000’s except for per share data)

(UNAUDITED)

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
(000’s, except per share data)    2005
    2004
    2005
    2004

Net Income

    $ 1,601    $ 1,266    $ 5,847    $ 5,676

Less: Dividend Requirements on Preferred Stock

      39      59      117      176
    
  
  
  

Net Income Applicable to Common Stock

    $ 1,562    $ 1,207    $ 5,730    $ 5,500
    
  
  
  

Weighted Average Number of Common Shares Outstanding – Basic

      5,558,238      5,514,611      5,546,194      5,504,582

Dilutive Effect of Stock Options and Restricted Stock

      18,813      14,822      16,920      14,798

Weighted Average Number of Common Shares Outstanding – Diluted

      5,577,051      5,529,433      5,563,114      5,519,380

Earnings Per Share – Basic

    $ 0.28    $ 0.22    $ 1.03    $ 1.00

Earnings Per Share – Diluted

    $ 0.28    $ 0.22    $ 1.03    $ 1.00

 

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