Chesapeake Financial Shares Inc. (OTCQX:CPKF) told investors its board of directors has declared a quarterly dividend of $0.155 per share effective December 1, 2023, payable on or before December 15, 2023.
The parent company of Chesapeake Bank and Chesapeake Wealth Management noted it has had 30 consecutive years of dividend increases, and its stock currently offers a 3.44% dividend yield.
"The consistency of our dividend increases is reflective of our strong core business and solid earnings in very diverse economic environments," chairman and CEO Jeffrey Szyperski commented.