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Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

9/1/2010 11:02 AM

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OKLAHOMA CITY, Sep 01, 2010 (BUSINESS WIRE) --

Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.075 per share quarterly dividend that will be paid on October 15, 2010 to common shareholders of record on October 1, 2010. Chesapeake has approximately 655 million common shares outstanding. In addition, Chesapeake's Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

4.50% 5% (2005B) 5.75% 5.75% (Series A)
NYSE Symbol CHK Pr D N/A N/A N/A
Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010
Registered CUSIP 165167842 165167826 N/A N/A
144A CUSIP N/A 165167834 165167776 165167784
RegS CUSIP N/A N/A U16450204 U16450113
Par Value per Share $0.01 $0.01 $0.01 $0.01
Shares Outstanding 2,558,900 2,095,615 1,500,000 1,100,000
Liquidation Preference per Share $100 $100 $1,000 $1,000
Record Date December 1, 2010 November 1, 2010 November 1, 2010 November 1, 2010
Payment Date

December 15, 2010

November 15, 2010 November 15, 2010 November 15, 2010
Amount per Share $1.125 $1.25 $14.375 $14.375

Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Wash and various other unconventional oil plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets. Further information is available at www.chk.com.

 

SOURCE: Chesapeake Energy Corporation

Chesapeake Energy Corporation
Investor Contacts:
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media Contact:
Jim Gipson, 405-935-1310
jim.gipson@chk.com
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