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Exhibit 11.1
UNITIL CORPORATION
COMPUTATION IN SUPPORT OF EARNINGS PER SHARE
Year Ended December 31, | ||||||||||||
2021 | 2020 | 2019 | ||||||||||
EARNINGS PER SHARE (000’s, except per share data) | ||||||||||||
Net Income | $ | 36,084 | $ | 32,166 | $ | 44,238 | ||||||
Less: Dividend Requirements on Preferred Stock | 11 | 11 | 11 | |||||||||
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Net Income Applicable to Common Stock | $ | 36,073 | $ | 32,155 | $ | 44,227 | ||||||
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Average Number of Common Shares Outstanding - Basic | 15,373 | 14,951 | 14,894 | |||||||||
Dilutive Effect of Stock Options and Restricted Stock | 3 | 1 | 6 | |||||||||
Average Number of Common Shares Outstanding - Diluted | 15,376 | 14,952 | 14,900 | |||||||||
Earnings Per Share - Basic | $ | 2.35 | $ | 2.15 | $ | 2.97 | ||||||
Earnings Per Share - Diluted | $ | 2.35 | $ | 2.15 | $ | 2.97 |