Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Plans Dividend of $0.16

Key Points

• Chesapeake Financial Shares Inc. has declared a dividend of $0.16 per share, set to be paid on September 15th to shareholders on record as of September 1st, with an ex-dividend date of August 29th.
• The company reported a quarterly earnings per share (EPS) of $0.67, exceeding expectations of $0.63, with revenues of $19.56 million against an estimated $18.70 million.
• Chesapeake Financial's stock is currently priced at $21.99, with a market capitalization of $103.35 million and a price-to-earnings ratio of 23.90.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report) declared a dividend on Saturday, August 23rd, investing.com reports. Stockholders of record on Monday, September 1st will be paid a dividend of 0.16 per share by the bank on Monday, September 15th. This represents a dividend yield of 294.0%. The ex-dividend date of this dividend is Friday, August 29th.

Chesapeake Financial Shares Price Performance

Shares of CPKF traded up $0.01 during trading hours on Wednesday, reaching $22.00. The stock had a trading volume of 200 shares, compared to its average volume of 2,188. Chesapeake Financial Shares has a 12 month low of $18.08 and a 12 month high of $22.10. The stock has a market capitalization of $103.40 million, a PE ratio of 23.91 and a beta of 0.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.64. The company's 50-day moving average is $21.42 and its two-hundred day moving average is $20.16.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The bank reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. Chesapeake Financial Shares had a return on equity of 10.29% and a net margin of 4.57%.The company had revenue of $19.56 million during the quarter, compared to analysts' expectations of $18.70 million. Research analysts expect that Chesapeake Financial Shares will post 2.45 EPS 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.