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
March 31,

 

(000’s, except per share data)

    2006    2005

Net Income

    $ 2,043    $ 2,710

Less: Dividend Requirements on Preferred Stock

      30      39
             

Net Income Applicable to Common Stock

    $ 2,013    $ 2,671
             

Weighted Average Number of Common Shares Outstanding – Basic

      5,576,551      5,533,123

Dilutive Effect of Stock Options and Restricted Stock

      14,353      16,100

Weighted Average Number of Common Shares Outstanding – Diluted

      5,590,904      5,549,223

Earnings Per Share – Basic

    $ 0.36    $ 0.48

Earnings Per Share – Diluted

    $ 0.36    $ 0.48