Chesapeake Utilities (CPK) Raises Quarterly Dividend 9.5% to $0.405; 1.7% Yield

Chesapeake Utilities (NYSE: CPK) declared a quarterly dividend of $0.405 per share, or $1.62 annualized. This is a 9.5% increase from the prior dividend of $0.37.

The dividend will be payable on July 5, 2019, to stockholders of record on June 14, 2019, with an ex-dividend date of June 13, 2019.

The annual yield on the dividend is 1.7 percent.

"We continue to seek opportunities to reinvest our retained earnings while also growing our dividend at a rate that represents top quartile performance. Over the last five years, we have made significant capital investments that have fueled our earnings growth. The Board's decision to increase the annualized dividend by $0.14 per share, or 9.5 percent, aligns our five-year earnings growth rate of 8.8 percent with our five-year dividend growth rate of 8.4 percent including this most recent increase," said Jeff Householder, President and Chief Executive Officer of Chesapeake Utilities Corporation. Chesapeake has paid dividends to its shareholders without interruption for 58 years. During those 58 years, Chesapeake has either maintained or increased its annualized dividend.

For a dividend history and other dividend-related data on Chesapeake Utilities (CPK) click here.

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