DOVER, Del., Nov. 5, 2013 /PRNewswire/ -- At their meeting held on November 5, 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 on January 6, 2014 to all shareholders of record at the close of business on December 16, 2013.
Chesapeake has paid a dividend to its shareholders for 52 consecutive years. The Board of Directors increased the quarterly dividend by 5.5% in May of 2013. This represents the tenth consecutive year of an increase in the dividend on an annualized basis, reaffirming the Board of Directors' continued confidence in the sustainable long-term earnings growth of the Company.
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
SOURCE Chesapeake Utilities Corporation