The board of directors of Chesapeake Utilities declared a quarterly cash dividend of 38.5c per share on the company's common stock. The board's action raises the annualized dividend eight cents per share from $1.46 to $1.54 per share, to a 5.5% increase over the prior year. The dividend will be paid July 5 to all shareholders of record at the close of business on June 17.
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