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Press release from Business Wire

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

Monday, December 17, 2012

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends16:01 EST Monday, December 17, 2012 OKLAHOMA CITY (Business Wire) -- 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 January 31, 2013 to common shareholders of record on January 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         March 1, 2013         February 1, 2013         February 1, 2013         February 1, 2013 Payment Date         March 15, 2013         February 15, 2013         February 15, 2013         February 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 15 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 www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases. Chesapeake Energy CorporationInvestor Contacts:Jeffrey L. Mobley, CFA, 405-767-4763jeff.mobley@chk.comorJohn J. Kilgallon, 405-935-4441john.kilgallon@chk.comorMedia Contacts:Michael Kehs, 405-935-2560michael.kehs@chk.comorJim Gipson, 405-935-1310jim.gipson@chk.com