Chesapeake Utilities Corporation (CPK) to Issue Quarterly Dividend of $0.69 on April 6th

Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.685 per share by the utilities provider on Monday, April 6th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th.

Chesapeake Utilities has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. Chesapeake Utilities has a payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Chesapeake Utilities to earn $6.25 per share next year, which means the company should continue to be able to cover its $2.74 annual dividend with an expected future payout ratio of 43.8%.

Chesapeake Utilities Stock Performance

NYSE CPK opened at $134.78 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. Chesapeake Utilities has a twelve month low of $115.24 and a twelve month high of $140.59. The business has a 50-day moving average price of $127.89 and a 200-day moving average price of $129.46. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 22.54 and a beta of 0.79.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.22). Chesapeake Utilities had a return on equity of 9.48% and a net margin of 15.09%.The business had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $208.59 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.000 EPS. As a group, equities research analysts predict that Chesapeake Utilities will post 5.39 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.