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DOVER, Del. - Chesapeake Utilities Corporation (NYSE:CPK) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.685 per share on the company’s common stock. The dividend represents a current yield of 2.27% for the $2.81 billion market cap utility company, according to InvestingPro data.
The dividend will be paid on October 6, 2025, to shareholders of record at the close of business on September 15, 2025, according to a company press release.
Chesapeake Utilities has maintained an uninterrupted dividend payment history spanning 64 years. Since 2004, the company has increased its annualized dividend every year.
Chesapeake Utilities Corporation is a diversified energy delivery company that provides services through natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, and mobile compressed natural gas utility services.
The company is listed on the New York Stock Exchange under the ticker symbol CPK.
In other recent news, Chesapeake Utilities Corporation reported its Q1 2025 earnings, revealing an adjusted earnings per share of $2.22, which fell short of the forecast of $2.32. However, the company exceeded revenue expectations, posting $298.7 million against a forecast of $255.18 million. Chesapeake Utilities reaffirmed its full-year 2025 adjusted EPS guidance of $6.15 to $6.35, despite a delay in the Worcester Resiliency Upgrade project. The company also announced a significant capital investment in Ohio, with its subsidiary, Aspire Energy Express, set to construct a $10 million intrastate natural gas pipeline. This pipeline will serve a new fuel-cell facility providing power to a data center, with completion expected in the first half of 2027. Additionally, Chesapeake Utilities appointed Abhijit Bhatwadekar as the new vice president and chief information officer, effective June 13, 2025. His role will focus on leading the company’s technology strategy and operations, including IT infrastructure and cybersecurity. These developments highlight Chesapeake Utilities’ ongoing efforts in business transformation and infrastructure expansion.
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