Chesapeake Utilities Raises Quarterly Dividend From $0.59 To $0.64 Per Share
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities Corporation (NYSE:CPK) announced an increase in its quarterly dividend from $0.59 to $0.64 per share, marking an 8.5% increase in the annualized dividend from $2.36 to $2.56. The new dividend will be payable on July 5, 2024, to shareholders of record as of June 14, 2024.
May 08, 2024 | 7:03 pm
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Chesapeake Utilities Corporation increases its quarterly dividend to $0.64 per share, an 8.5% annual rise.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. Chesapeake Utilities' decision to raise its dividend could attract income-focused investors and potentially boost the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100