OKLAHOMA CITY, March 6 /PRNewswire-FirstCall/ -- Chesapeake Energy
Corporation (NYSE: CHK) today announced that its Board of Directors has
declared a $0.05 per share quarterly dividend that will be paid on
April 17, 2006 to common shareholders of record on April 3, 2006. Chesapeake
has approximately 379 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
Preferred Stock Dividend Declaration
Cumulative Convertible Preferred Stock
5% (2003) 4.125% 5% (2005) 4.50% 5% (2005B)
May 18, Mar. 30, April 19, Sept. 14, Nov. 8,
Date of Issue 2003 2004 2005 2005 2005
Registered CUSIP 165167800 165167875 165167859 165167842 165167826
144A CUSIP N/A 165167883 165167867 N/A 165167834
Par Value per Share $0.01 $0.01 $0.01 $0.01 $0.01
Shares Outstanding 842,673 86,310 4,600,000 3,450,000 5,750,000
Liquidation
Preference per
Share $100 $1,000 $100 $100 $100
Record Date May 1, June 1, April 3, June 1, May 1,
2006 2006 2006 2006 2006
Payment Date May 15, June 15, April 17, June 15, May 15,
2006 2006 2006 2006 2006
Amount per Share $1.25 $10.3125 $1.25 $1.125 $1.25
Chesapeake Energy Corporation is the second largest independent producer
of natural gas in the U.S. Headquartered in Oklahoma City, the company's
operations are focused on exploratory and developmental drilling and corporate
and property acquisitions in the Mid-Continent, Permian Basin, South Texas,
Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of
the United States. The company's Internet address is
http://www.chkenergy.com .
SOURCE Chesapeake Energy Corporation
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Related links:
http://www.chkenergy.com
CONTACT:
Jeffrey L. Mobley, CFA, Senior Vice President
- Investor Relations and Research, +1-405-767-4763, or
jmobley@chkenergy.com , or Marc Rowland, Executive Vice President
and Chief Financial Officer, +1-405-879-9232, or
mrowland@chkenergy.com , both of Chesapeake Energy Corporation
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