Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

Published on Wednesday, 01 September 2010 16:07 Written by TradersHuddle Staff

OKLAHOMA CITY-( 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.

Chesapeake Energy CorporationInvestor Contacts:Jeffrey L. Mobley, CFA, 405-767-4763jeff.mobley@chk.comorJohn J. Kilgallon, 405-935-4441john.kilgallon@chk.comorMedia Contact:Jim Gipson, This e-mail address is being protected from spambots. You need JavaScript enabled to view it.