Press Releases
OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 22, 2008--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, 2008 to common shareholders of record on October 1, 2008. Chesapeake has approximately 580 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
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4.125% 5% (2005) 4.50% 5% (2005B) 6.25%
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NYSE Symbol N/A N/A CHK Pr D N/A CHK Pr E
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Mar. 30, April 19, Sept. 14, Nov. 8, June 30,
Date of Issue 2004 2005 2005 2005 2006
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Registered CUSIP 165167875 165167859 165167842 165167826 165167818
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144A CUSIP 165167883 165167867 N/A 165167834 N/A
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Par Value per
Share $0.01 $0.01 $0.01 $0.01 $0.01
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Shares Outstanding 3,033 5,000 2,558,900 2,095,615 143,768
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Liquidation
Preference per
Share $1,000 $100 $100 $100 $250
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Dec. 1, Oct. 1, Dec. 1, Nov. 3, Dec. 1,
Record Date 2008 2008 2008 2008 2008
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Dec. 15, Oct. 15, Dec. 15, Nov. 17, Dec. 15,
Payment Date 2008 2008 2008 2008 2008
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Amount per Share $10.3125 $1.25 $1.125 $1.25 $3.90625
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Chesapeake Energy Corporation is the largest 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 Fort Worth Barnett Shale, Haynesville Shale, Fayetteville Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United States. Further information is available at www.chk.com.
CONTACT: Chesapeake Energy Corporation
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
