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

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Chesapeake Utilities Corporation Raises Dividend By 9.5 Percent

May 8, 2019 3:39 PM EDT

 

DOVER, Del., May 8, 2019 /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 $0.37 per share to $0.405 per share. The Board's action raises the 2019 annualized dividend $0.14 per share from $1.48 to $1.62 per share, which represents a 9.5 percent increase. The $0.405 per share... More