DOVER, Del., Feb. 24 /PRNewswire-FirstCall/ -- At their meeting held on February 24, 2010, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly cash dividend of $0.315 per share on the Company's common stock, representing $1.26 per share on an annualized basis. The $0.315 per share dividend will be paid April 5, 2010 to all shareholders of record at the close of business on March 15, 2010. Chesapeake has paid a cash dividend to common stock shareholders for forty-nine consecutive years. Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing; electric distribution; propane distribution and wholesale marketing; advanced information services and other related businesses. Information about Chesapeake Utilities Corporation and the Chesapeake family of businesses is available at http://www.chpk.com/. For more information, contact: Beth W. Cooper Senior Vice President & Chief Financial Officer 302.734.6799 DATASOURCE: Chesapeake Utilities Corporation CONTACT: Beth W. Cooper, Senior Vice President & Chief Financial Officer of Chesapeake Utilities Corporation, +1-302-734-6799 Web Site: http://www.chpk.com/

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