Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; and provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.
Chesapeake Utilities Dividend Announcement
• Chesapeake Utilities announced a quarterly dividend of $0.64 per ordinary share which will be made payable on 2024-10-07. Ex dividend date: 2024-09-16
• Chesapeake Utilities annual dividend for 2024 was $1.87
• Chesapeake Utilities annual dividend for 2023 was $2.31
• Chesapeake Utilities's trailing twelve-month (TTM) dividend yield is 2.65%
• Chesapeake Utilities's payout ratio for the trailing twelve months (TTM) is 47.22%
• Chesapeake Utilities's dividend growth over the last five years (2018-2023) was 9.94% year
• Chesapeake Utilities's dividend growth over the last ten years (2013-2023) was 4.25% year
Chesapeake Utilities Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $0.64 | quarterly | 2024-10-07 |
2024-06-14 | $0.64 | quarterly | 2024-07-05 |
2024-03-14 | $0.59 | quarterly | 2024-04-05 |
2023-12-14 | $0.59 | quarterly | 2024-01-05 |
2023-09-14 | $0.59 | quarterly | 2023-10-05 |
2023-06-14 | $0.59 | quarterly | 2023-07-05 |
2023-03-14 | $0.54 | quarterly | 2023-04-05 |
2022-12-14 | $0.54 | quarterly | 2023-01-05 |
2022-09-14 | $0.54 | quarterly | 2022-10-05 |
2022-06-14 | $0.54 | quarterly | 2022-07-05 |
2022-03-14 | $0.48 | quarterly | 2022-04-05 |
2021-12-14 | $0.48 | quarterly | 2022-01-05 |
2021-09-14 | $0.48 | quarterly | 2021-10-05 |
2021-06-14 | $0.48 | quarterly | 2021-07-06 |
2021-03-12 | $0.44 | quarterly | 2021-04-05 |
2020-12-14 | $0.44 | quarterly | 2021-01-05 |
2020-09-14 | $0.44 | quarterly | 2020-10-05 |
2020-06-12 | $0.44 | quarterly | 2020-07-06 |
2020-03-12 | $0.41 | quarterly | 2020-04-06 |
2019-12-13 | $0.41 | quarterly | 2020-01-06 |
2019-09-12 | $0.41 | quarterly | 2019-10-07 |
2019-06-13 | $0.41 | quarterly | 2019-07-05 |
2019-03-14 | $0.37 | quarterly | 2019-04-05 |
2018-12-13 | $0.37 | quarterly | 2019-01-07 |
2018-09-13 | $0.37 | quarterly | 2018-10-05 |
2018-06-14 | $0.37 | quarterly | 2018-07-05 |
2018-03-14 | $0.33 | quarterly | 2018-04-05 |
2017-12-14 | $0.33 | quarterly | 2018-01-05 |
2017-09-14 | $0.33 | quarterly | 2017-10-05 |
2017-06-13 | $0.33 | quarterly | 2017-07-05 |
2017-03-13 | $0.30 | quarterly | 2017-04-05 |
2016-12-13 | $0.30 | quarterly | 2017-01-05 |
2016-09-13 | $0.30 | quarterly | 2016-10-05 |
2016-06-13 | $0.30 | quarterly | 2016-07-05 |
2016-03-11 | $0.29 | quarterly | 2016-04-05 |
2015-12-11 | $0.29 | quarterly | 2016-01-05 |
2015-09-11 | $0.29 | quarterly | 2015-10-05 |
2015-06-11 | $0.29 | quarterly | 2015-07-06 |
2015-03-13 | $0.27 | quarterly | 2015-04-06 |
2014-12-11 | $0.27 | quarterly | 2015-01-05 |
2014-09-11 | $0.27 | quarterly | 2014-10-06 |
2014-06-12 | $0.41 | quarterly | 2014-07-07 |
2014-03-13 | $0.39 | quarterly | 2014-04-07 |
2013-12-12 | $0.39 | quarterly | 2014-01-06 |
2013-09-11 | $0.39 | quarterly | 2013-10-07 |
2013-06-13 | $0.39 | quarterly | 2013-07-05 |
2013-03-18 | $0.36 | quarterly | 2013-04-05 |
Chesapeake Utilities Dividend per year
Chesapeake Utilities Dividend growth
Chesapeake Utilities Dividend Yield
Chesapeake Utilities current trailing twelve-month (TTM) dividend yield is 2.65%. Interested in purchasing Chesapeake Utilities stock? Use our calculator to estimate your expected dividend yield:
Chesapeake Utilities Financial Ratios
Chesapeake Utilities Dividend FAQ
Other factors to consider when evaluating Chesapeake Utilities as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Chesapeake Utilities's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Chesapeake Utilities publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Chesapeake Utilities distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Chesapeake Utilities are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Chesapeake Utilities sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Chesapeake Utilities distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Chesapeake Utilities declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Chesapeake Utilities's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Chesapeake Utilities's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.