Chesapeake Utilities Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chesapeake Utilities Corporation (NYSE: CPK) has announced a quarterly cash dividend of $0.48 per share, scheduled for payment on October 5, 2021. Shareholders on record as of September 15, 2021 will receive this payment. The company has a strong track record, having paid uninterrupted dividends for 60 years, consistently maintaining or increasing its annualized payout. Chesapeake operates across various sectors, including natural gas and electricity distribution.

Positive

• Quarterly cash dividend of $0.48 per share enhances shareholder income.
• 60 years of uninterrupted dividend payments indicates strong financial health.
• Consistent maintenance or increase in annualized dividend reflects company confidence.

Negative

• None.

DOVER, Del., Aug. 11, 2021 /PRNewswire/ -- Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.48 per share on the Company's common stock. The $0.48 per share dividend will be paid on October 5, 2021 to all shareholders of record at the close of business September 15, 2021.

For 60 years, Chesapeake has paid dividends to its shareholders without interruption. During those 60 years, Chesapeake has either maintained or increased its annualized dividend.

Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses. Information about Chesapeake Utilities Corporation's businesses is available at www.chpk.com and on the Annual Report Microsite at cpkannualreport.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:

Heidi W. Watkins
Shareholder Services Manager
302.734.6716
hwatkins@chpk.com 

View original content:https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-quarterly-dividend-301353467.html

SOURCE Chesapeake Utilities Corporation

FAQ

What is the dividend amount declared by Chesapeake Utilities Corporation?

The dividend amount declared is $0.48 per share.

When will Chesapeake Utilities Corporation pay the dividend?

The dividend will be paid on October 5, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is September 15, 2021.

How long has Chesapeake Utilities Corporation been paying dividends?

Chesapeake Utilities Corporation has been paying dividends for 60 years without interruption.