Chesapeake Utilities raises quarterly dividend 7% to 68.5c per share

At their meeting held today, the Board of Directors of Chesapeake Utilities (CPK) Corporation voted to increase the quarterly cash dividend on the Company’s common stock from 64c per share to 68.5c per share. The Board’s action raises the 2025 annualized dividend by 18c from $2.56 to $2.74 per share, a 7% increase. The 68.5c per share dividend will be payable July 7, 2025 to all shareholders of record at the close of business on June 16, 2025. “The Board’s decision to increase the annualized dividend rate reflects our balanced focus on continued capital investment as well as sustained dividend growth supported by earnings growth. The dividend increase reinforces the Board’s commitment to our strategic growth plan, as we remain focused on prudently deploying capital, proactively managing our regulatory strategy and continuously transforming our business operations. We believe these three pillars will drive industry-leading earnings growth and support continued dividend growth, enabling us to deliver superior shareholder value for years to come,” commented Jeff Householder, chair, president and chief executive officer.