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 January 6, 2025, to shareholders of record at the close of business on December 16, 2024. The company has maintained an impressive track record of 64 years of uninterrupted dividend payments and has consistently increased its annualized dividend every year since 2004.

Positive

• 64-year track record of uninterrupted dividend payments
• Consistent annual dividend increases since 2004
• Quarterly dividend maintained at $0.64 per share

Negative

• None.

News Market Reaction

-2.39%

1 alert

-2.39% News Effect

On the day this news was published, CPK declined 2.39%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DOVER, Del., Nov. 7, 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 January 6, 2025 to all shareholders of record at the close of business on December 16, 2024.

With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 64 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 (NYSE:CPK). 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 Chesapeake Utilities' (CPK) dividend amount for Q1 2025?

Chesapeake Utilities (CPK) declared a quarterly dividend of $0.64 per share for Q1 2025.

When is the payment date for Chesapeake Utilities' (CPK) latest dividend?

The dividend payment date is January 6, 2025, for shareholders of record as of December 16, 2024.

How long has Chesapeake Utilities (CPK) been paying dividends?

Chesapeake Utilities has paid dividends without interruption for 64 years and has increased its annualized dividend every year since 2004.

What is the record date for Chesapeake Utilities' (CPK) Q1 2025 dividend?

The record date for Chesapeake Utilities' Q1 2025 dividend is December 16, 2024.