Chesapeake Energy Corporation Increases Quarterly Common Stock Dividend by 17% and Declares Preferred Stock Dividends
13.06.2011 | Business Wire
Chesapeake Energy Corporation is the second-largest producer of
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 July 15, 2011 to common shareholders of record on July
1, 2011. Chesapeake has approximately 658 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
1,500,000
1,100,000
Liquidation Preference per Share
$100
$100
$1,000
$1,000
Record Date
September 1, 2011
August 1, 2011
August 1, 2011
August 1, 2011
Payment Date
September 15, 2011
August 15, 2011
August 15, 2011
August 15, 2011
Amount per Share
$1.125
$1.25
$14.375
$14.375
Aubrey K. McClendon, Chesapeake′s CEO commented: 'We are pleased that
our Board has approved a significant 17% increase in Chesapeake′s common
stock dividend. This is our first dividend increase since June 2008 and
reflects the Board′s confidence in Chesapeake's steadily strengthening
financial position. It is our goal to be able to increase our common
stock dividend regularly in the years ahead.?
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, Mississippian, Bone Spring,
Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara, Three Forks/Bakken
and Utica unconventional liquids plays.The company has
also vertically integrated its operations and owns substantial
midstream, compression, drilling and oilfield service assets.Chesapeake′s
stock is listed on the New York Stock Exchange under the symbol CHK.Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and press releases.
Chesapeake Energy Corporation
Investor Relations:
Jeffrey L.
Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John
J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media
Relations:
Jim Gipson, 405-935-1310
jim.gipson@chk.com