Chesapeake Utilities Corporation (NYSE:CPK) to Issue Quarterly Dividend of $0.73

Chesapeake Utilities Corporation (NYSE:CPK) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, September 14th will be paid 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 of this dividend is Monday, September 14th.

Chesapeake Utilities has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Chesapeake Utilities has a dividend payout ratio of 43.6% meaning 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 Stock Down 1.0%

Shares of CPK traded down $1.28 during mid-day trading on Friday, hitting $132.22. The company’s stock had a trading volume of 69,181 shares, compared to its average volume of 158,516. Chesapeake Utilities has a 52-week low of $118.88 and a 52-week high of $140.83. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 21.19 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. The company’s 50-day moving average is $127.14 and its 200-day moving average is $128.19.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $201.90 million during the quarter, compared to analyst estimates of $198.91 million. Chesapeake Utilities had a return on equity of 9.53% and a net margin of 15.11%.Chesapeake Utilities’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, equities research analysts forecast that Chesapeake Utilities will post 6.46 EPS for the current fiscal year.

Chesapeake Utilities Company Profile

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.