Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY, Dec 20, 2010 (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 January 18, 2011 to common shareholders of record on January 3, 2011. 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   March 1, 2011   February 1, 2011   February 1, 2011   February 1, 2011
Payment Date   March 15, 2011   February 15, 2011   February 15, 2011   February 15, 2011
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 Granite Wash, Eagle Ford, Niobrara and various other unconventional liquids 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 where Chesapeake routinely posts announcements, updates, events, investor information and presentations and all recent press releases.

 

SOURCE: Chesapeake Energy Corporation

Chesapeake Energy Corporation
Investor Contacts:
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media Contact:
Jim Gipson, 405-935-1310
jim.gipson@chk.com