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

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) announced 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 yield of 3.38%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Chesapeake Financial Shares’s previous quarterly dividend of $0.16.

Chesapeake Financial Shares Price Performance

CPKF stock remained flat at $18.94 during midday trading on Wednesday. 30 shares of the company traded hands, compared to its average volume of 1,141. The firm has a market capitalization of $89.59 million, a price-to-earnings ratio of 9.61 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company’s fifty day moving average is $18.99 and its two-hundred day moving average is $18.25. Chesapeake Financial Shares has a 52 week low of $16.45 and a 52 week high of $20.25.

Chesapeake Financial Shares (OTCMKTS:CPKF) last announced 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). Chesapeake Financial Shares had a net margin of 9.73% and a return on equity of 8.86%. The company had revenue of $18.16 million during the quarter, compared to analyst estimates of $17.40 million. On average, research analysts predict that Chesapeake Financial Shares will post 2.32 earnings per share for the current year.

Chesapeake Financial Shares Company Profile

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.