Chesapeake Utilities Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chesapeake Utilities Corporation (NYSE: CPK) announced a quarterly cash dividend of $0.44 per share, payable on April 5, 2021, for shareholders on record by March 15, 2021. The company has maintained an uninterrupted dividend payment for 60 years, consistently maintaining or increasing its annualized dividend. This reflects Chesapeake's commitment to providing income for its shareholders while being engaged in various energy services including natural gas and propane distribution.

Positive

• Quarterly dividend of $0.44 per share announced.
• Uninterrupted dividend payments for 60 years.
• Commitment to maintaining or increasing annualized dividends.

Negative

• None.

DOVER, Del., Feb. 24, 2021 /PRNewswire/ -- Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.44 per share on the Company's common stock. The $0.44 per share dividend will be paid on April 5, 2021 to all shareholders of record at the close of business March 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

View original content:http://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-quarterly-dividend-301234941.html

SOURCE Chesapeake Utilities Corporation

FAQ

What is the dividend amount declared by Chesapeake Utilities Corporation?

The declared dividend amount is $0.44 per share.

When will Chesapeake Utilities Corporation pay the dividend?

The dividend will be paid on April 5, 2021.

Who is eligible to receive the dividend from Chesapeake Utilities Corporation?

Shareholders on record as of March 15, 2021, are eligible to receive the dividend.

How long has Chesapeake Utilities Corporation been paying dividends?

Chesapeake Utilities Corporation has paid dividends without interruption for 60 years.