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|
|Par Value per Share||$0.01||$0.01||$0.01||$0.01|
|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 firstname.lastname@example.org or John J. Kilgallon, 405-935-4441 email@example.com or Media Contact: Jim Gipson, 405-935-1310 firstname.lastname@example.org