OKLAHOMA CITY, Sept. 26 /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 October 17,
2005 to common shareholders of record on October 3, 2005. Chesapeake has
approximately 338.5 million common shares outstanding. In addition,
Chesapeake's Board has declared dividends on all of its outstanding
convertible preferred stock issues.
Chesapeake's Board has declared a quarterly cash dividend on Chesapeake's
4.125% Cumulative Convertible Preferred Stock, par value $0.01. The dividend
for the 4.125% preferred stock is payable on December 15, 2005 to preferred
shareholders of record on December 1, 2005 at the quarterly rate of $10.3125
per share. Chesapeake has 138,610 shares of 4.125% preferred stock
outstanding with a liquidation value of $138.6 million.
Chesapeake's Board has declared a quarterly cash dividend on Chesapeake's
5.0% Cumulative Convertible Preferred Stock (Series 2003), par value $0.01.
The dividend for the 5.0% preferred stock is payable on November 15, 2005 to
preferred shareholders of record on November 1, 2005 at the quarterly rate of
$1.25 per share. Chesapeake has 1.488 million shares of 5.0% preferred stock
(Series 2003) outstanding with a liquidation value of $148.8 million.
Chesapeake's Board has declared a quarterly cash dividend on Chesapeake's
6.0% Cumulative Convertible Preferred Stock, par value $0.01. The dividend
for the 6.0% preferred stock is payable on December 15, 2005 to preferred
shareholders of record on December 1, 2005 at the quarterly rate of $0.75 per
share. Chesapeake has 101,275 shares of 6% preferred stock outstanding with a
liquidation value of $5.1 million.
Chesapeake's Board has declared a quarterly cash dividend on Chesapeake's
5.0% Cumulative Convertible Preferred Stock (Series 2005), par value $0.01.
The dividend for the 5.0% preferred stock is payable on October 17, 2005 to
preferred shareholders of record on October 3, 2005 at the rate of $1.25 per
share. Chesapeake has 4.6 million shares of 5.0% preferred stock (Series
2005) outstanding with a liquidation value of $460.0 million.
Chesapeake's Board has declared a quarterly cash dividend on Chesapeake's
4.5% Cumulative Convertible Preferred Stock, par value $0.01. The dividend
for the 4.5% preferred stock is payable on December 15, 2005 to preferred
shareholders of record on December 1, 2005 at the rate of $0.9625 per share.
Chesapeake has 3.45 million shares of 4.5% preferred stock outstanding with a
liquidation value of $345.0 million.
Chesapeake Energy Corporation is the third 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 property
acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf
Coast, Barnett Shale, and Ark-La-Tex 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, 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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