Chesapeake Utilities Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chesapeake Utilities (NYSE: CPK) has announced a quarterly cash dividend of $0.64 per share on its common stock. The dividend will be paid on October 7, 2024, to shareholders of record at the close of business on September 16, 2024. This announcement highlights Chesapeake's impressive track record of 63 consecutive years of uninterrupted dividend payments to shareholders. Moreover, the company has consistently increased its annualized dividend every year since 2004, demonstrating a strong commitment to delivering value to its investors.

Positive

• Consistent dividend payment for 63 consecutive years
• Annual dividend increase maintained since 2004
• Quarterly dividend of $0.64 per share declared

Negative

• None.

News Market Reaction – CPK

+0.17%

1 alert

+0.17% News Effect

On the day this news was published, CPK gained 0.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DOVER, Del., Aug. 8, 2024 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company's common stock. The $0.64 per share dividend will be paid on October 7, 2024 to all shareholders of record at the close of business on September 16, 2024.

Chesapeake has paid dividends to its shareholders without interruption for 63 years and has increased its annualized dividend every year since 2004.

About Chesapeake Utilities Corporation:
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. For more information, visit www.chpk.com.

Please note that Chesapeake Utilities Corporation has no affiliation with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

For more information, contact:
Lucia Dempsey
Head of Investor Relations
ldempsey@chpk.com
347-804-9067

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SOURCE Chesapeake Utilities Corporation

FAQ

What is the amount of Chesapeake Utilities 's (CPK) quarterly dividend for 2024?

Chesapeake Utilities (CPK) has declared a quarterly cash dividend of $0.64 per share for 2024.

When will Chesapeake Utilities (CPK) pay its latest quarterly dividend?

Chesapeake Utilities (CPK) will pay its latest quarterly dividend on October 7, 2024.

What is the record date for Chesapeake Utilities 's (CPK) latest dividend payment?

The record date for Chesapeake Utilities 's (CPK) latest dividend payment is September 16, 2024.

How long has Chesapeake Utilities (CPK) been paying dividends without interruption?

Chesapeake Utilities (CPK) has been paying dividends to its shareholders without interruption for 63 years.

Since which year has Chesapeake Utilities (CPK) increased its annualized dividend consistently?

Chesapeake Utilities (CPK) has increased its annualized dividend every year since 2004.