OKLAHOMA CITY, July 31 /PRNewswire-FirstCall/ -- Chesapeake Energy
Corporation (NYSE: CHK) today announced that its Board of Directors has
declared a quarterly cash dividend on Chesapeake's 6.25% Mandatory
Convertible Preferred Stock, par value $0.01. The dividend for the 6.25%
preferred stock is payable on September 15, 2006 to preferred shareholders
of record on September 1, 2006 at the rate of $3.25521 per share.
Chesapeake has 2,300,000 shares of 6.25% preferred stock outstanding with a
liquidation value of $575 million.
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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