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The Daily Dividend 5/8/25

May 08, 2025

Are you familiar with the “Compliment Sandwich?”

It’s a form of feedback that goes: Positive comment, critique, positive comment.

I bring this up because today’s announcements contain some good news and some bad news. The good news is that two companies are raising their dividends. The bad news is that one company is cutting its payout.

And in compliment sandwich style, we’ll start with some good news, mention the bad news, and then end on a high note with one last dividend raise.

Ready?

Chesapeake Utilities Corporation ($CPK) Raises Dividend By 7%

The utility sector is teeming with under-the-radar dividend growth stocks.

Case in point, Chesapeake Utilities Corporation - a company less than 3,000 investors follow on Seeking Alpha.

Chesapeake Utilities Corporation operates regulated and unregulated electric and natural gas distribution networks across multiple states, including: Ohio; Florida; North Carolina; and South Carolina.

The company was founded in 1859, and Chesapeake Utilities Corporation has paid uninterrupted dividends every year for the past 64 years.

The company’s new quarterly payout rate is $0.685/share.

  • Ex-dividend date: 6/16/2025

  • Payout date: 7/7/2025

  • Forward starting dividend yield: 2.04%

The Wendy's Company ($WEN) Cuts Dividend By 44%

A bad day in Burgertown, The Wendy's Company cut its quarterly dividend by 44%.

This comes just two years after Wendy’s doubled their dividend, hiking the quarterly payout by 100%.

Post-cut, The Wendy's Company will now pay a quarterly dividend of $0.14/share.

  • Ex-dividend date: 6/2/2025

  • Payout date: 6/16/2025

  • Forward starting dividend yield: 4.72%

Otis Worldwide ($OTIS) Raises Dividend By 8%

Going up? The dividend at elevator manufacturer Otis Worldwide sure is!

The company recently raised its dividend by 7.7%.

Otis Worldwide builds, installs, and services elevators and escalators. The company has paid a dividend every year since its spin-off from United Technologies Corporation.

After the recent raise, Otis Worldwide now pays a quarterly dividend of $0.42/share.

  • Ex-dividend date: 5/16/2025

  • Payout date: 6/6/2025

  • Forward starting dividend yield: 1.75%

Thanks for reading and happy investing!