Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

01.08.2011  |  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 October 17, 2011 to common shareholders of record on
October 3, 2011. Chesapeake has approximately 659 million common shares
outstanding. In addition, Chesapeake′s Board has declared dividends on
its outstanding convertible preferred stock issues, as stated below.

Chesapeake Energy Corporation 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, 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.