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Chesapeake Financial Shares hikes dividend by 1 cent

Chesapeake Financial Shares Inc.'s board approved a dividend of 14 cents per share, payable on or about June 15 to stockholders of record as of June 1.

The Kilmarnock, Va.-based company's previous payout was 13 cents per share.

The company on May 11 reported first-quarter earnings of $2.9 million, a 12.1% increase from the first quarter of 2017. The reported earnings per share were 70.3 cents, compared to the year-ago period's 63.2 cents.