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

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