Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) Increases Dividend to $0.16 Per Share

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) declared a quarterly dividend on Friday, October 18th,NASDAQ Dividends reports. Investors of record on Sunday, December 1st will be given a dividend of 0.16 per share by the bank on Sunday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, November 29th. This is a boost from Chesapeake Financial Shares’s previous quarterly dividend of $0.16.

Chesapeake Financial Shares Stock Performance

Shares of CPKF stock opened at $19.00 on Thursday. The company has a fifty day moving average price of $19.00 and a two-hundred day moving average price of $18.26. Chesapeake Financial Shares has a one year low of $16.45 and a one year high of $20.25. The stock has a market cap of $89.89 million, a P/E ratio of 9.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

Chesapeake Financial Shares (OTCMKTS:CPKF) last issued its earnings results on Monday, October 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $18.16 million during the quarter, compared to analyst estimates of $17.40 million. Chesapeake Financial Shares had a net margin of 9.73% and a return on equity of 8.86%. As a group, equities analysts predict that Chesapeake Financial Shares will post 2.32 EPS for the current year.

About Chesapeake Financial Shares

Chesapeake Financial Shares, Inc operates as the bank holding company for Chesapeake Bank that provides various banking products and services for individuals and businesses in the United States. The company accepts interest and noninterest checking, savings, and money market accounts; and variable-rate and fixed-term money market accounts, as well as certificates of deposit.