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

(Millions, except for per share data)

(UNAUDITED)

 

     Three Months Ended
March 31,
     2008    2007

Net Income

    $ 3.3    $ 2.6

Less: Dividend Requirements on Preferred Stock

      —        —  
             

Net Income Applicable to Common Stock

    $ 3.3    $ 2.6
             

Weighted Average Number of Common Shares Outstanding – Basic (000’s)

      5,719      5,627

Dilutive Effect of Stock Options and Restricted Stock (000’s)

      5      17

Weighted Average Number of Common Shares Outstanding – Diluted (000’s)

      5,724      5,644

Earnings Per Share – Basic

    $ 0.57    $ 0.46

Earnings Per Share – Diluted

    $ 0.57    $ 0.46