DOVER, Del., Aug. 6, 2014 /PRNewswire/ -- At their meeting
held today, the Board of Directors of Chesapeake Utilities
Corporation (NYSE: CPK) declared a quarterly cash dividend of
$0.27 per share on the Company's
common stock. The $0.27 per share
dividend will be paid on October 6,
2014 to all shareholders of record at the close of business
on September 15, 2014.
The Company announced a three for two stock split in the form of
a stock dividend on July 2,
2014. The stock split will be issued on September 8, 2014, approximately a week before
the dividend record date. For the dividend paid on
July 7, 2014, a quarterly dividend of
$.405 per share was paid to
shareholders which equates to $0.27
per share on a split adjusted basis. Therefore, the total quarterly
dividend amount paid to shareholders remains unchanged as a result
of the stock split.
The Board of Directors increased the quarterly dividend by 5.2%
in May of 2014, reaffirming their commitment to dividend growth
that is supported by earnings growth. 2014 represents the
53rd consecutive year that Chesapeake has paid a dividend to its
shareholders. In each of the 53 years, Chesapeake has either
maintained or increased its annualized dividend.
Chesapeake Utilities Corporation is a diversified energy company
engaged in natural gas distribution, transmission and marketing;
electricity distribution; propane gas distribution and wholesale
marketing; advanced information services and other related
services. Information about Chesapeake Utilities Corporation and
the Chesapeake family of businesses is available at
http://www.chpk.com or through our IR App. The IR App can be
downloaded for free through the App Store on an iPhone or iPad, or
Google Play on an Android mobile device by searching for Chesapeake
Utilities Corporation.
For more information, contact:
Beth W. Cooper
Senior Vice President & Chief Financial Officer
302.734.6799
SOURCE Chesapeake Utilities Corporation