You are here > Home > News > Articles
 

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

3/13/2007 3:31 AM

Printer Friendly Version (pdf format)

OKLAHOMA CITY--(BUSINESS WIRE)--March 13, 2007--Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.06 per share quarterly dividend that will be paid on April 16, 2007 to common shareholders of record on April 2, 2007. Chesapeake has approximately 460 million common shares outstanding. In addition, Chesapeake's Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

                        Cumulative Convertible Preferred Stock
                ------------------------------------------------------
                    4.125%  5% (2005)      4.50% 5% (2005B)      6.25%
--------------- ---------- ---------- ---------- ---------- ----------
NYSE Symbol           N/A        N/A    CHK Pr D       N/A    CHK Pr E
--------------- ---------- ---------- ---------- ---------- ----------
                Mar. 30,   April 19,  Sept. 14,   Nov. 8,   June 30,
Date of Issue      2004       2005       2005       2005       2006
--------------- ---------- ---------- ---------- ---------- ----------
Registered
 CUSIP          165167875  165167859  165167842  165167826  165167818
--------------- ---------- ---------- ---------- ---------- ----------
144A CUSIP      165167883  165167867        N/A  165167834        N/A
--------------- ---------- ---------- ---------- ---------- ----------
Par Value per
 Share              $0.01      $0.01      $0.01      $0.01      $0.01
--------------- ---------- ---------- ---------- ---------- ----------
Shares
 Outstanding        3,065  4,600,000  3,450,000  5,750,000  2,300,000
--------------- ---------- ---------- ---------- ---------- ----------
Liquidation
 Preference per
 Share             $1,000       $100       $100       $100       $250
--------------- ---------- ---------- ---------- ---------- ----------
                 Jun. 1,    Apr. 2,    Jun. 1,    May 1,     Jun. 1,
Record Date        2007       2007       2007       2007       2007
--------------- ---------- ---------- ---------- ---------- ----------
                Jun. 15,   Apr. 16,   Jun. 15,    May 15,   Jun. 15,
Payment Date       2007       2007       2007       2007       2007
--------------- ---------- ---------- ---------- ---------- ----------
Amount per
 Share           $10.3125      $1.25     $1.125      $1.25   $3.90625
--------------- ---------- ---------- ---------- ---------- ----------

Chesapeake Energy Corporation is the third largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Fort Worth Barnett Shale, Appalachian Basin, Fayetteville Shale, South Texas, Permian Basin, Delaware Basin, Ark-La-Tex and Texas Gulf Coast regions of the United States. The company's Internet address is www.chkenergy.com.

CONTACT: Chesapeake Energy Corporation, Oklahoma City
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President - Investor Relations and Research
jmobley@chkenergy.com
or
Marc Rowland, 405-879-9232
Executive Vice President and Chief Financial Officer
mrowland@chkenergy.com

SOURCE: Chesapeake Energy Corporation

Fortune 100 Best Places to Work