Chesapeake Utilities Raises Dividend 7%

Dow Jones

2025/05/08

By Stephen Nakrosis

Chesapeake Utilities has approved a 7% increase to its quarterly cash dividend, raising it to 68.5 cents per share from 64 cents.

The new dividend is equal to $2.74 per share on an annual basis, the company said Wednesday. The payout represents a yield of 2% based on Wednesday's closing share price of $134.05.

The new dividend will be payable July 7 to shareholders of record at the close of business on June 16.

The company last raised its dividend to 64 cents from 59 cents in May 2024.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 07, 2025 18:15 ET (22:15 GMT)

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