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Chesapeake Energy Corporation Declares Quarterly Common And Preferred Stock Dividends

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 where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

Copyright Business Wire 2010

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