MaxDividends Ideas: Could This Utility Stock Be Your Next Long-Term Play?
2.09% Yield and 21 Consecutive Years of Dividend Growth
MaxDividends Mission: Help & support everyone on the way to build growing passive income, retire early and live off dividends
MaxDividends Ideas
For dividend investors looking for opportunities with a side of strong growth. MaxDividends Stocks Ideas is a daily, in-depth look at companies that can be considered as dividend portfolio ideas. Don’t miss out on fresh stock picks and insights!
This is a free version of MaxDividends. Get Premium to unlock all the features of MaxDividends!
👉 Recent Premium MaxDividends Idea you can find here
We are recommended on Substack
Supported by 12,000 subscribers. Inspired by 7,000 constant readers.
⭐️⭐️⭐️⭐️⭐️
“If you are interested in dividend strategies or passive income strategies, this Substack ia great! Its worth a visit“
- The Long View ⭐️⭐️⭐️⭐️⭐️
“Practical dividend focus. Saving for retirement.“
- The Astute Investor’s Calculus ⭐️⭐️⭐️⭐️⭐️
“Love the concept and the execution. If you are into building a portfolio that will generate ever growing income for you, subscribe to Max Dividends. I did.“
⭐️⭐️⭐️⭐️⭐️
“A useful substack for those that invest in stocks that pay dividends or are looking to get into such a strategy. Includes education and actionable ideas.“
Timothy Assi - ⭐️⭐️⭐️⭐️⭐️
“Great for helling you pick up high-yield dividend growth stocks“
And 50+ more other great authors and pro’s are recommend MaxDividends!
MaxDividends Premium: What You’ll Get
+ Bonus - access to full list of MaxDividends stocks updated weekly. Boost your passive income for living off dividends.
Unlock Top-notch dividend growth investment ideas and insights, handpicked to help you crush your financial goals, retire early and live off dividends.
NEW! List of the Most Dangerous Dividend Stocks You Should Avoid to Invest In Right Now
Stay away from dividend-trap companies with the most accurate list of dangerous stocks updated weekly
Ready-to-go step by step weekly guide to achieving financial freedom.
Grab ready-made MaxDividends stock sets starting at $300, $500, or $1000 each week.
Posts & Podcasts with deep dives into the top dividend stocks we hold. Key points, current statement, perspectives and consensus.
My personal MaxDividends portfolios and short list with all the changes and updates weekly.
Comprehensive tools to help you on the way retire early and live off dividends.
Community Like-Minded Access
Stay in touch with me and other MaxDividends followers. MaxDividends community chat of like-minded who wants to live off dividends and retire early. Discuss ideas, share insights, build plans and set goals. Support, motivation, like-minded - all in!
💡 Dividend investing is a long-term investment strategy that involves creating a portfolio of dividend-paying stocks
MaxDividends Ideas: 2.09% Yield and 21 Consecutive Years of Dividend Growth
Could This Utility Stock Be Your Next Long-Term Play?
When it comes to stable dividend-paying stocks, few sectors deliver like utilities. But how about one with a solid history of dividend growth, low payout ratios, and strong earnings?
This company offers a dividend yield of 2.09%, alongside consistent growth in both revenue and dividend payouts. For long-term investors seeking both stability and income, this might just be the opportunity you've been waiting for.
Meet Chesapeake Utilities Corporation (NYSE: CPK)
Financial Score: 84 / 99
Chesapeake Utilities is a diversified energy company with operations in natural gas distribution, transmission, and electric services across the Mid-Atlantic and Southeast regions of the U.S.
By investing in strong stocks that increase their dividend rates frequently, we enjoy a dividend-compounding effect.
The company has been paying quarterly dividends for decades and currently provides a 2.09% dividend yield, distributing $0.64 per share quarterly. In total, Chesapeake pays an annual dividend of $2.56.
Dividend Growth and Payout Ratio
Chesapeake Utilities has increased its dividend for 21 consecutive years, with an average annual dividend growth of 10.14% over the past three years.
Despite this robust payout history, the company maintains a sustainable payout ratio of 53.78% based on trailing earnings, and it's expected to drop further to 47.50% based on this year's estimates.
This low payout ratio indicates that the company is not overstretching its earnings and has ample room to continue growing its dividend.
Dividend investing offers a way to create reliable passive income streams, providing financial stability and long-term capital accumulation.
Financial Stability and Long-Term Growth
There are different ways to grow earnings, such as organic growth, growth through acquisitions, or share buybacks. The key is that the growth is sustainable and right for the company. MaxDividends Top Stocks List consists of 150+ high quality dividend companies with sustainable growth.
Chesapeake Utilities reported strong earnings in Q2 2024, with adjusted earnings per share (EPS) of $0.86, and a revenue increase of 27% in its adjusted gross margin, reaching $127 million.
These figures reflect the company's focus on consistent growth, driven by investments in infrastructure and expansion projects, particularly in the fast-growing Florida market.
Chesapeake's recent acquisition of Florida City Gas for $920 million further highlights its commitment to expansion and diversification.
Chesapeake Utilities - Quick MaxDividends Team Overview
🟢 Statement: Recent reports indicate the company's financial profitability in the current period
🟢 Sales: Business is actively increasing sales, which gives a positive impetus to the development of the company
🟢 Profitability: The dynamics of operating profit growth over recent years underscores the company’s successful steps to expand and strengthen its position in the markets
🟢 Earnings: Earnings per share are growing, the dynamics have been positive for several years. This means the company knows how to manage business profitability and maintain it for many years
🟢 Overall: The business appears to be well managed and the company has been consistently generating income and has been sustainable for many yearsImportant Notice
If you want to stay on top of your portfolio's health, don't forget to check in on the financials of the companies you've invested in. The better shape they’re in, the better your results will be. Keep an eye on their quarterly and annual reports to see how they're performing.
In the short term, poor companies can appear like they are doing well. But over the long term, only companies that are growing earnings will do well. It’s that simple. MaxDividends Top Stocks List consists of 150+ high quality dividend companies with growing earnings to save your time a bit.
Here is a quick dive into Chesapeake Utilities financials over last years
From Max’s side: “Even though my investment strategy is primarily focused on dividend income, I don’t buy stocks solely based on their dividends. That would be silly.”
The strongest and most stable companies tend to have a Financial Score of 80+, with the very best ones hitting 90+. If you see that score start to dip below 80, that’s your cue to consider jumping ship before things get worse.
👉 Learn more about Financial Score
This is just the free version of MaxDividends. In the Premium version, our members get access to a curated watchlist of 19,000 companies worldwide, all scored by our team on a regular basis. Companies like Chesapeake Utilities are on that list, too!
Interesting Fact
A Growing Player in the U.S. Utility Market
Founded in 1947, Chesapeake Utilities started as a small gas distribution company and has grown steadily over the decades.
Today, it is a key player in the U.S. utilities sector, particularly with its recent push into the Florida market, solidifying its position as a growing force in both natural gas and electric utilities.
Top 3 Competitors
UGI Corporation
One Gas Inc
Spire Inc
Conclusion
A Solid Dividend Play for Long-Term Investors
With a Financial Score of 84 / 99, Chesapeake Utilities combines reliable dividend payouts with growth potential in the U.S. energy market. Its 2.09% yield, coupled with a conservative payout ratio and strong financial performance, makes it an attractive choice for income-focused investors looking for stability and long-term returns.
If you’re on the lookout for a dividend stock with a proven track record, Chesapeake Utilities Corporation should definitely be on your watchlist but don’t forget to keep an eye on Financial Score.
Premium version of MaxDividends will get you access to up-to-date Financial Score Scanner with 19,000 companies worldwide.
👉 Learn more about Financial Score
Buy Chesapeake Utilities Corporation Now?
To get the most from your investments it is always better identify time the company undervalued or at least fairy valued.
This is a free version of MaxDividends. In Premium version you’ll get access to clear signals of the intrinsic value of company at the moment. Put the power of compound dividends to work in your portfolio.
Unlock MaxDividends Premium to get access to the most promising dividend ideas and tools with MaxDividends community of like-minded.
More Dividend Ideas
No one wants to work forever, and the question of financial security becomes more pressing. Can we really count on enjoying life after retiring, without having to find another job just to make ends meet?
MaxDividends Idea: Retire Early & Live Off Dividends
👉 My Own High Yield Dividend Growth story. $12,000 monthly for 120 months
MaxDividends Key Concept
Predictability in important things is the foundation of peace of mind. Peace of mind is the basis of financial well-being. MaxDividends is all about peace of mind.
At MaxDividends, we focus on a dividend growth strategy. It’s a great fit for investors who want capital appreciation, a decent level of safety, and growing income.
As the name suggests, dividend growth investing is all about finding stocks that pay dividends and can keep growing them over time. MaxDividends is all about that plus maximizing yields to get the most from dividends and boost growing passive income on your side.
MaxDividends Stocks pay sustainable dividends by decades without interruption, rasing them consistently over years.
👉 Max’s Portfolios with all updates and ideas
MaxDividends Stocks are Unique
MaxDividends Stocks are Unique. They not only provide income but have a strong track record of increasing that income over the years. Plus, investing in companies that consistently raise dividends has historically been a solid strategy.
Do you know what is the power of the MaxDividends Key Concept? It is that even if you stop investing right now, your dividend income will continue to grow.
This is how Max Dividends operates: No worries about price fluctuations, no concerns about stock market noise.
👉 Full List of MaxDividends Stocks
My High Yield Dividend Growth Story
Retire Early and Live Off Dividends. $12,000 monthly for 120 months
My name is Max, nice to meet you! I am an entrepreneur, dad to three, and a private investor in stocks. Pick up high-yield dividend growth stocks to live off dividends and retire early.
The idea of growing passive income typically dawns on us when we realize we’re no longer in our twenties. For me, this realization hit around age 35. I don’t plan to run a business my entire life—I have big plans for other areas of my life too. I enjoy writing, blogging, and sharing my experiences. Retire early before 50 is the main mission for me now.
Ten years ago, I started investing in growth stocks. By now, the capital from those investments and my past savings have allowed me to start implementing my planned strategy. In the early years, I focused primarily on growth stocks, but over the past few years and especially in recent months, I’ve shifted more towards high-yield, dividend growing stocks.
At this stage in my life, predictable growing passive income is more important than the long-term price appreciation of stocks, because I plan to live off the dividends.
🙏 To focus on what we love, we need stop worrying about daily expenses. For me, the solution was creating a growing passive income stream through dividend stocks.
As an author of the MaxDividends Strategy I follow it to pick up high-yield & dividend growth stocks to live off dividends and retire early. I share my way and methodology of achieving the dream goal to live off dividends step by step.
MaxDividends Mission
Help & support everyone on the way to build growing passive income, retire early and live off dividends.
Build and grow your own dividend machine with MaxDividends to boost passive income, retire early and live off dividends with community of like-minded
This is a free version of MaxDividends. Get Premium to unlock all the features and tools of MaxDividends!
MaxDividends Premium: What You’ll Get
+ Bonus - access to full list of MaxDividends stocks updated weekly. Boost your passive income for living off dividends.
Unlock Top-notch dividend growth investment ideas and insights, handpicked to help you crush your financial goals, retire early and live off dividends.
NEW! List of the Most Dangerous Dividend Stocks You Should Avoid to Invest In Right Now
Stay away from dividend-trap companies with the most accurate list of dangerous stocks updated weekly
Ready-to-go step by step weekly guide to achieving financial freedom.
Grab ready-made MaxDividends stock sets starting at $300, $500, or $1000 each week.
Posts & Podcasts with deep dives into the top dividend stocks we hold. Key points, current statement, perspectives and consensus.
My personal MaxDividends portfolios and short list with all the changes and updates weekly.
Comprehensive tools to help you on the way retire early and live off dividends.
Community Like-Minded Access
Stay in touch with me and other MaxDividends followers. MaxDividends community chat of like-minded who wants to live off dividends and retire early. Discuss ideas, share insights, build plans and set goals. Support, motivation, like-minded - all in!
FAQ
👉 What is MaxDividends project idea?
👉 What is MaxDividends strategy?
👉 How do you choose MaxDividends stocks?
👉 How well does the MaxDividends strategy work for building a growing passive income?
👉 One more secret sauce of MaxDividends strategy
👉 MaxDividends Roadmap to Early Retirement with Living Off Dividends