Chesapeake Utilities Corporation Raises Dividend by 7.3 Percent | CPK Stock News
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Chesapeake Utilities Corporation (NYSE: CPK) has announced a 7.3% increase in its quarterly cash dividend, raising it from $0.685 to $0.735 per share. This adjustment will elevate the annualized dividend from $2.74 to $2.94 per share, effective July 6, 2026, for shareholders on record by June 15, 2026. The decision reflects the company's commitment to balancing capital reinvestment with sustainable dividend growth, as stated by CEO Jeff Householder. Chesapeake Utilities has consistently paid dividends for 65 years and has increased its annual dividend since 2004.
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