Chesapeake Utilities (CPK) Raises Quarterly Dividend 13.8% to $0.370; 2% Yield

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Go back to Chesapeake Utilities (CPK) Raises Quarterly Dividend 13.8% to $0.370; 2% Yield

Chesapeake Utilities Corporation Raises Dividend By 13.8 Percent

May 9, 2018 6:39 PM EDT

DOVER, Del., May 9, 2018 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.325 per share to $0.370 per share. The Board's action raises the 2018 annualized dividend $0.18 per share from $1.30 to $1.48 per share, which represents a 13.8 percent increase.  The $0.370 per share dividend will be payable July 5, 2018 to all shareholders of record at the close of business on June 15, 2018.

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