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New words:
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Removed:
affiliate, annualized, audit, boat, decreased, educational, efficiently, emergency, enhancement, EPS, evade, faith, half, installing, levied, noted, occurred, offering, par, percent, premium, reclassification, Redeemable, redeemed, redevelop, registered, regular, repay, repayment, scheme, segregation, single, small, surcharge, suspend, suspension, tailored, technical, terminate, termination, transaction, trust, vegetation
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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, | ||||||||
| 2014 | 2013 | |||||||
Net Income | $ | 12.6 | $ | 10.8 | ||||
Less: Dividend Requirements on Preferred Stock | — | — | ||||||
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Net Income Applicable to Common Stock | $ | 12.6 | $ | 10.8 | ||||
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Weighted Average Number of Common Shares Outstanding – Basic (000’s) | 13,819 | 13,748 | ||||||
Dilutive Effect of Stock Options and Restricted Stock (000’s) | 3 | 2 | ||||||
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) | 13,822 | 13,750 | ||||||
Earnings Per Share – Basic | $ | 0.91 | $ | 0.79 | ||||
Earnings Per Share – Diluted | $ | 0.91 | $ | 0.79 | ||||