Chesapeake Utilities Corporation(NYSE:CPK) Declares Dividend of $0.3050.

Chesapeake Utilities Corporation (NYSE:CPK) had declared a cash dividend of $0.3050 on Aug 3, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed for Sep 15, 2016. On Aug 3, 2016 share price, the yield comes out to be 1.9273%. The dividend payable date has been fixed on Oct 5, 2016.

In a different note, BB&T Capital said it Initiates Coverage on Chesapeake Utilities Corporation, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Buy’ by the firm.

Chesapeake Utilities Corporation (CPK) made into the market gainers list on Fridays trading session with the shares advancing 1.24% or 0.82 points. Due to strong positive momentum, the stock ended at $66.89, which is also near the day’s high of $67.23. The stock began the session at $66.36 and the volume stood at 43,634 shares. The 52-week high of the shares is $67.5 and the 52 week low is $45.97. The company has a current market capitalization of $1,025 M and it has 1,53,23,102 shares in outstanding.

Chesapeake Utilities Corporation(CPK) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $146.30M. Analysts had an estimated revenue of $183.20M. Earnings per share were $1.33. Analysts had estimated an EPS of $1.50.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Elaine B. Bittner (Senior VP – Strategic Dev.) purchased 17 shares at $59.96 per share price.Also, On Mar 8, 2016, Beth W Cooper (Senior Vice President & CFO) purchased 3 shares at $59.96 per share price.On Mar 7, 2016, Thomas P Jr Hill (director) purchased 1,000 shares at $57.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company through its operating divisions and subsidiaries is engaged in various energy and other businesses. The Company provides natural gas distribution and transmission electric distribution and propane distribution service. The Company operates in Regulated Energy Unregulated Energy and Other. The Regulated Energy segment includes the Company’s natural gas distribution natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution propane wholesale marketing and natural gas marketing operations which are unregulated as to their rates and services. Other segment consists of unregulated subsidiaries that own real estate leased to Chesapeake.

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