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, 2012 to common shareholders of record on April 16, 2012. Chesapeake has approximately 662 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|
|Clean (no legends) CUSIP||N/A||N/A||165167768||N/A|
|Par Value per Share||$0.01||$0.01||$0.01||$0.01|
|Liquidation Preference per Share||$100||$100||$1,000||$1,000|
|Record Date||June 1, 2012||May 1, 2012||May 1, 2012||May 1, 2012|
|Payment Date||June 15, 2012||May 15, 2012||May 15, 2012||May 15, 2012|
|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.
in Oklahoma City, the company's operations are focused on discovering
and developing unconventional natural gas and oil fields onshore in the
Chesapeake owns leading positions in the Barnett,
Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays and
in the Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring,
Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara and Utica
unconventional liquids plays.
The company has also
vertically integrated its operations and owns substantial midstream,
compression, drilling, trucking, pressure pumping and other oilfield
service assets directly and indirectly through its subsidiaries
Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services,
L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM).
Further information is available at
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.
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