Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY--(BUSINESS WIRE)--Sep. 23, 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 October 31, 2013 to common shareholders of record on October 15, 2013. Chesapeake has approximately 665 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   December 2, 2013   November 1, 2013   November 1, 2013   November 1, 2013
Payment Date   December 16, 2013   November 15, 2013   November 15, 2013   November 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 and a Top 11 producer of oil and natural gas liquids 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/Hogshooter, 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 www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

Source: Chesapeake Energy Corporation

Chesapeake Energy Corporation
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
Gary T. Clark, CFA, 405-935-6741
gary.clark@chk.com
or
Media Contact:
Gordon Pennoyer, 405-935-3287
gordon.pennoyer@chk.com