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Exhibit 11.1
UNITIL CORPORATION
COMPUTATION IN SUPPORT OF EARNINGS PER SHARE
Year Ended December 31, | ||||||||||||
2020 | 2019 | 2018 | ||||||||||
EARNINGS PER SHARE (000’s, except per share data) | ||||||||||||
Net Income | $ | 32,166 | $ | 44,238 | $ | 33,041 | ||||||
Less: Dividend Requirements on Preferred Stock | 11 | 11 | 11 | |||||||||
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Net Income Applicable to Common Stock | $ | 32,155 | $ | 44,227 | $ | 33,030 | ||||||
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Average Number of Common Shares Outstanding—Basic | 14,951 | 14,894 | 14,824 | |||||||||
Dilutive Effect of Stock Options and Restricted Stock | 1 | 6 | 5 | |||||||||
Average Number of Common Shares Outstanding—Diluted | 14,952 | 14,900 | 14,829 | |||||||||
Earnings Per Share—Basic | $ | 2.15 | $ | 2.97 | $ | 2.23 | ||||||
Earnings Per Share—Diluted | $ | 2.15 | $ | 2.97 | $ | 2.23 |