Chesapeake Utilities Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chesapeake Utilities Corporation (CPK) announced a quarterly cash dividend of $0.535 per share, set to be paid on April 5, 2023. Shareholders of record as of March 15, 2023 will receive this dividend. This marks 62 uninterrupted years of dividend payments, with an annual increase every year since 2004, showcasing the company's commitment to returning value to shareholders. Chesapeake Utilities operates in diverse energy sectors, providing sustainable solutions in natural gas and electricity.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $0.535 per share declared.
• 62 years of uninterrupted dividend payments.
• Annual dividend increases since 2004.

Negative

• None.

News Market Reaction – CPK

+0.57%

1 alert

+0.57% News Effect

On the day this news was published, CPK gained 0.57%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DOVER, Del., Feb. 22, 2023 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.535 per share on the Company's common stock. The $0.535 per share dividend will be paid on April 5, 2023 to all shareholders of record at the close of business on March 15, 2023.

Chesapeake has paid dividends to its shareholders without interruption for 62 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:
Alex Whitelam
Head of Investor Relations
awhitelam@chpk.com
215.872.2507

View original content to download multimedia:https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-quarterly-dividend-301753401.html

SOURCE Chesapeake Utilities Corporation

FAQ

What is the dividend amount announced by Chesapeake Utilities Corporation?

Chesapeake Utilities Corporation announced a quarterly cash dividend of $0.535 per share.

When will Chesapeake Utilities Corporation pay its dividend?

The dividend will be paid on April 5, 2023.

What is the record date for Chesapeake Utilities Corporation's dividend?

The record date for the dividend is March 15, 2023.

How long has Chesapeake Utilities Corporation been paying dividends?

Chesapeake Utilities Corporation has paid dividends without interruption for 62 years.

Has Chesapeake Utilities Corporation increased its dividends in the past?

Yes, Chesapeake Utilities Corporation has increased its annualized dividend every year since 2004.