Key Developments: Chesapeake Utilities Corp (CPK)
54.10USD
17 May 2013
$0.12 (+0.22%)
$53.98
$54.03
$54.77
$53.81
28,765
29,716
$55.86
$41.17
Latest Key Developments (Source: Significant Developments)
Chesapeake Utilities Corp Announces 5.5% Increase In Quarterly Dividend
Chesapeake Utilities Corp announced that it has declared a quarterly cash dividend of $0.385 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, equating to a 5.5% increase over the prior year. The $0.385 per share dividend will be paid July 5, 2013 to all shareholders of record at the close of business on June 17, 2013. Full Article
Chesapeake Utilities Corp Announces Quarterly Dividend
Chesapeake Utilities Corp announced that it has declared a quarterly cash dividend of $0.365 per common share. The dividend is payable April 5, 2013 to all shareholders of record as of March 20, 2013. Full Article
Chesapeake Utilities Corp's Florida Public Utilities Company Announces Flo-Gas Corporation Acquires Propane Operating Assets Of Glades Gas Company
Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corp announced that its propane subsidiary, Flo-Gas Corporation, has purchased the propane operating assets of Glades Gas Company. Glades Gas has been a family-owned and operated business for eighty years, providing propane service to approximately 3,000 residential and commercial accounts in Okeechobee, Glades and Hendry Counties. The acquisition allows FPU's Flo-Gas operation to expand its propane presence within Florida. At the conclusion of the transition, the former Glades Gas propane operation will market and sell propane under the Florida Public Utilities Company brand. terms of the transaction were not disclosed. Full Article
Chesapeake Utilities Corp Announces Quarterly Dividend
Chesapeake Utilities Corp announced that it has declared a quarterly cash dividend of $0.365 per common share. The dividend is payable January 7, 2013 to all shareholders of record as of December 14, 2012. Full Article
Chesapeake Utilities Corporation Announces Quarterly Dividend
Chesapeake Utilities Corporation announced that it has declared a quarterly cash dividend of $0.365 per common share. The dividend is payable October 5, 2012 to all shareholders of record as of September 14, 2012. Full Article
Chesapeake Utilities Corporation To Acquire The Operating Assets Of Eastern Shore Gas
Chesapeake Utilities Corporation announced that it has entered into an agreement to purchase the operating assets of Eastern Shore Gas Company (Eastern Shore Gas) and its affiliate, Eastern Shore Propane Company (Eastern Shore Propane), both of which are indirect, wholly-owned subsidiaries of Energy Equity Partners, L.P. Based in Worcester County, Maryland, Eastern Shore Gas provides propane distribution service to approximately 11,000 residential and commercial customers in Worcester County, Maryland, primarily in Ocean City, West Ocean City, Ocean Pines, Berlin, Pocomoke and Snow Hill.. Chesapeake expects to finance the purchase of the Eastern Shore Gas and Eastern Shore Propane operating assets using unsecured short-term debt. Management expects the transaction to be earnings accretive in 2013 and thereafter. Terms of the transaction have not been publicly disclosed. The transaction is subject to the approval of the Maryland Public Service Commission and the consents of certain local jurisdictions. The acquisition is expected to be completed in the fourth quarter of 2012. Full Article
Chesapeake Utilities Corporation Comments On FY 2012 Earnings Guidance-Conference Call
Chesapeake Utilities Corporation announced that for fiscal 2012, it expects outlook to remain bright, given the Company's prospect for further growth in earnings. Full Article
Chesapeake Utilities Corporation Announces Quarterly Dividend
Chesapeake Utilities Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.365 per share on the Company's common stock. The Board's action raises the annualized dividend $0.08 per share from $1.38 to $1.46 per share, equating to a 5.8% increase over the prior year. The $0.365 per share dividend will be paid July 5, 2012 to all shareholders of record at the close of business on June 15, 2012. Full Article
Chesapeake Utilities Corporation And Wise Gas, Inc.'s Peninsula Energy Services Company, Inc. Announces Collaborative Project For Compressed Natural Gas Fueling Infrastructure
Chesapeake Utilities Corporation announced that its natural gas marketing subsidiary, Peninsula Energy Services Company, Inc. (PESCO), has entered into an agreement with Wise Gas, Inc., to develop compressed natural gas (CNG) fueling stations for municipal and private fleets. Jeff Greene, Business Development Consultant to Wise Gas, Inc., will be the project leader for Wise Gas, Inc. Under the terms of the agreement, the parties will work together on sourcing opportunities to build CNG fueling stations. Full Article
Chesapeake Utilities Corporation's Natural Gas Marketing Subsidiary Peninsula Energy Services Company And The Miami-Dade Water & Sewer Department Execute Natural Gas Supply Agreement
Chesapeake Utilities Corporation announced that its natural gas marketing subsidiary, Peninsula Energy Services Company, Inc. (PESCO), has been selected by the Board of County Commissioners of Miami-Dade County to provide natural gas supply to the Miami-Dade Water & Sewer Department's water processing plants in Miami and Hialeah, Florida. The Miami-Dade Water & Sewer Department is the largest water utility in the Southeast United States, serving 2.2 million customers each day. Full Article
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