Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY--(BUSINESS WIRE)--Apr. 8, 2013-- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on April 30, 2013 to common shareholders of record on April 15, 2013. Chesapeake has approximately 667 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
Clean (no legends) CUSIP   N/A     N/A     165167768     N/A
Par Value per Share   $0.01     $0.01     $0.01     $0.01
Shares Outstanding   2,558,900     2,095,615     1,497,000     1,100,000
Liquidation Preference per Share   $100     $100     $1,000     $1,000
Record Date   June 3, 2013     May 1, 2013     May 1, 2013     May 1, 2013
Payment Date   June 17, 2013     May 15, 2013     May 15, 2013     May 15, 2013
Amount per Share   $1.125     $1.25     $14.375     $14.375

Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas, a top 11 producer of oil and natural gas liquids 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 Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and in the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company also owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield Operating, L.L.C. Further information is available at where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.


Source: Chesapeake Energy Corporation

Chesapeake Energy Corporation
Investor Contacts:
Jeffrey L. Mobley, CFA, 405-767-4763
Gary T. Clark, CFA, 405-935-6741
Media Contacts:
Michael Kehs, 405-935-2560
Jim Gipson, 405-935-1310