dividend-rate News

Chesapeake Utilities Corporation Raises Dividend by 10.3 Percent

Dover, Delaware – 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 $0.535 per share to $0.59 per share. The Board’s action raises the 2023 annualized dividend by $0.22 from $2.14 to $2.36 per share, a 10.3 percent increase. The $0.59 per share dividend will be payable July 5, 2023 to all shareholders of record at the close of business on June 15, 2023. “In 2022, Chesapeake Utilities celebrated its 16th consecutive year of earnings growth, while navigating through the [...]

May 3, 2023|