Dover, Delaware – At their meeting held on February 24, 2009, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.305 per share on the Company’s common stock, representing $1.22 per share on an annualized basis. The $0.305 per share dividend will be paid April 6, 2009 to all shareholders of record at the close of business on March 13, 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
302.734.6022

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