DOVER, Del., Aug. 7, 2013 /PRNewswire/ -- At their meeting held on August 7, 2013, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.385 per share on the Company's common stock. The $0.385 per share dividend will be paid October 7, 2013 to all shareholders of record at the close of business on September 13, 2013.
On May 2, 2013, the Board of Directors raised the quarterly dividend 5.5% from $0.365 to $0.385 per share. This represents an annualized dividend of $1.54 per share, up from $1.46 per share. The $0.385 dividend reflects the Board's continued confidence in sustainable long-term earnings growth.
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. CooperSenior Vice President & Chief Financial Officer302.734.6799SOURCE Chesapeake Utilities Corporation