Chesapeake Utilities Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chesapeake Utilities Corporation (NYSE: CPK) has declared a quarterly cash dividend of $0.535 per share, payable on January 5, 2023, to shareholders of record by December 15, 2022. This dividend marks 62 consecutive years of uninterrupted payments and continues the trend of annual increases since 2004. The company operates in diversified energy delivery, providing solutions in natural gas, electricity, and propane distribution, among other services.

Positive

• Dividend of $0.535 per share reflects financial stability and shareholder commitment.
• Continuous dividend payments for 62 years enhance investor confidence.
• Annual dividend increases since 2004 indicate strong financial performance.

Negative

• None.

DOVER, Del., Nov. 3, 2022 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.535 per share on the Company's common stock. The $0.535 per share dividend will be paid on January 5, 2023 to all shareholders of record at the close of business on December 15, 2022.

With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 62 years and has increased its annualized dividend every year since 2004.

About Chesapeake Utilities Corporation:
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. For more information, visit www.chpk.com.

Please note that Chesapeake Utilities Corporation has no affiliation with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

For more information, contact:
Alex Whitelam
Head of Investor Relations
awhitelam@chpk.com
215.872.2507

View original content:https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-quarterly-dividend-301668182.html

SOURCE Chesapeake Utilities Corporation

FAQ

What is the dividend amount for CPK?

Chesapeake Utilities Corporation declared a dividend of $0.535 per share.

When will the CPK dividend be paid?

The dividend will be paid on January 5, 2023.

What is the record date for the CPK dividend?

The record date for the dividend is December 15, 2022.

How long has CPK been paying dividends?

Chesapeake Utilities has paid dividends without interruption for 62 years.

Has CPK increased its dividend annually?

Yes, CPK has increased its annualized dividend every year since 2004.