Dover, Delaware – At their meeting held on May 6, 2009, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.315 per share on the Company’s common stock. The Board’s action raises the annualized dividend four cents per share from $1.22 to $1.26 per share. The $0.315 per share dividend will be paid July 6, 2009 to all shareholders of record at the close of business on June 12, 2009.

Chesapeake has paid a cash dividend to common stock shareholders for forty-eight consecutive years.

Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing, propane distribution and wholesale marketing, advanced information services and other related businesses. Information about Chesapeake Utilities Corporation and the Chesapeake family of businesses is available at https://chpk.com.

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For more information
Contact:

Beth W. Cooper
Senior Vice President & Chief Financial Officer
302.734.6799

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