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Updated · MarketWatch · May 6Chesapeake Utilities raises quarterly dividend 7.3%
9 articles · Updated · MarketWatch · May 6
- The Dover, Delaware, energy-delivery company increased the payout to 73.5 cents a share from 68.5 cents.
- The new dividend equals $2.94 annually and implies a yield of about 2.32% based on Wednesday's share price of $126.48, up from 2.17%.
- The increased dividend will be paid on July 6 to shareholders on record as of June 15.
Chesapeake is raising dividends while fighting a transparency bill. Can it truly serve both its shareholders and its customers? Amid a gas boom fueled by AI, can Chesapeake's expansion satisfy both investor dividends and soaring energy demand? Is Chesapeake's billion-dollar bet on natural gas a wise move or a risky gamble against a clean energy future?