Chesapeake Utilities (CPK) Raises Quarterly Dividend 9.1% to $0.48; 1.6% Yield

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Chesapeake Utilities Corporation Raises Dividend By 9.1 Percent

May 5, 2021 1:09 PM EDT

DOVER, Del., May 5, 2021 /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 $0.44 per share to $0.48 per share. The Board's action raises the 2021 annualized dividend $0.16 per share from $1.76 to $1.92 per share, a 9.1 percent increase. The $0.48 per share dividend will be payable July 6, 2021 to all shareholders of record at the close of business on June 15,... More