Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY--(BUSINESS WIRE)--Mar. 17, 2009-- 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 April 15, 2009 to common shareholders of record on April 1, 2009. Chesapeake has approximately 624 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
    5% (2005)   4.50%   5% (2005B)   6.25%
NYSE Symbol   N/A   CHK Pr D   N/A   CHK Pr E
Date of Issue   April 19, 2005   Sept. 14, 2005   Nov. 8, 2005   June 30, 2006
Registered CUSIP   165167859   165167842   165167826   165167818
144A CUSIP   165167867   N/A   165167834   N/A
Par Value per Share   $0.01   $0.01   $0.01   $0.01
Shares Outstanding   5,000   2,558,900   2,095,615   143,768
Liquidation Preference per Share   $100   $100   $100   $250
Record Date   April 1, 2009   June 1, 2009   May 1, 2009   June 1, 2009
Payment Date  

April 15, 2009

  June 15, 2009   May 15, 2009   June 15, 2009
Amount per Share   $1.25   $1.125   $1.25   $3.90625

Chesapeake Energy Corporation is the 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 Barnett Shale, Haynesville Shale, Fayetteville Shale, Marcellus Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and East Texas regions of the United States. Further information is available at www.chk.com.

 

 

Source: Chesapeake Energy Corporation

Chesapeake Energy Corporation
INVESTOR CONTACT:
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President -
Investor Relations and Research
jeff.mobley@chk.com
or
MEDIA CONTACT:
Jim Gipson, 405-935-1310
Director – Media Relations
jim.gipson@chk.com