Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY--(BUSINESS WIRE)--Sep. 24, 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 October 15, 2009 to common shareholders of record on October 1, 2009. Chesapeake has approximately 642 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

    5% (2005)   4.50%   5% (2005B)
NYSE Symbol   N/A   CHK Pr D   N/A
Date of Issue   April 19, 2005   September 14, 2005   November 8, 2005
Registered CUSIP   165167859   165167842   165167826
144A CUSIP   165167867   N/A   165167834
Par Value per Share   $0.01   $0.01   $0.01
Shares Outstanding   5,000   2,558,900   2,095,615
Liquidation Preference per Share   $100   $100   $100
Record Date   October 1, 2009   December 1, 2009   November 2, 2009
Payment Date   October 15, 2009   December 15, 2009   November 16, 2009
Amount per Share   $1.25   $1.125   $1.25

Chesapeake Energy Corporation is one of the leading producers of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on the development of onshore unconventional and conventional natural gas in the U.S. 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



Source: Chesapeake Energy Corporation

Chesapeake Energy Corporation
Investor Contact:
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President -
Investor Relations and Research
Media Contact:
Jim Gipson, 405-935-1310
Director – Media Relations