Chesapeake Utilities Corporation (CPK) to Issue Quarterly Dividend of $0.73 on October 5th

Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, September 14th will be given a dividend of 0.735 per share by the utilities provider on Monday, October 5th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, September 14th.

Chesapeake Utilities has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 22 consecutive years. Chesapeake Utilities has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Chesapeake Utilities to earn $7.37 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 39.9%.

Chesapeake Utilities Price Performance

NYSE CPK opened at $134.18 on Friday. The firm’s fifty day simple moving average is $127.35 and its two-hundred day simple moving average is $128.23. The firm has a market capitalization of $3.22 billion, a P/E ratio of 21.40 and a beta of 0.68. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. Chesapeake Utilities has a 12-month low of $118.88 and a 12-month high of $140.83.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.46%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Analysts forecast that Chesapeake Utilities will post 6.42 EPS for the current fiscal year.

About Chesapeake Utilities

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.