Chesapeake Utilities (CPK) Raises Quarterly Dividend 8.6% to $0.44; 2.1% Yield

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Go back to Chesapeake Utilities (CPK) Raises Quarterly Dividend 8.6% to $0.44; 2.1% Yield

Chesapeake Utilities Corporation Raises Dividend By 8.6 Percent

May 7, 2020 2:46 PM EDT

DOVER, Del., May 7, 2020 /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 $0.405 per share to $0.44 per share. The Board's action raises the 2020 annualized dividend $0.14 per share from $1.62 to $1.76 per share, which represents an 8.6 percent increase. The $0.44 per share dividend will be payable July 6, 2020 to all shareholders of record at the close of business on June 15, 2020.

"We continue to seek opportunities to reinvest our retained earnings while also growing... More