Chesapeake Financial Shares, Inc. (parent company of both Chesapeake Bank and Chesapeake Wealth Management), has declared a quarterly dividend of $0.155 per share, effective Dec. 1, payable on or before Dec. 15, according to Jeffrey M. Szyperski, Chairman of the Board and CEO. The announcement was made at an Oct. 27 meeting of the Chesapeake Financial Shares Board of Directors.
Currently the stock has a 3.44 percent dividend yield. The company has had 30 consecutive years of dividend increases.
“The consistency of our dividend increases is reflective of our strong core business and solid earnings in very diverse economic environments,” stated Szyperski. “Our commitment is good for our communities as well as good for business.”
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