OKLAHOMA CITY, Dec. 21 /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 January 16,
2006 to common shareholders of record on January 2, 2006. Chesapeake has
approximately 369.8 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 March 15, 2006 to preferred
shareholders of record on March 1, 2006 at the quarterly rate of $10.3125 per
share. Chesapeake has 93,060 shares of 4.125% preferred stock outstanding
with a liquidation value of $93.1 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 February 15, 2006 to
preferred shareholders of record on February 1, 2006 at the quarterly rate of
$1.25 per share. Chesapeake has 1.026 million shares of 5.0% preferred stock
(Series 2003) outstanding with a liquidation value of $102.6 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 March 15, 2006 to preferred
shareholders of record on March 1, 2006 at the quarterly rate of $0.75 per
share. Chesapeake has 100,310 shares of 6% preferred stock outstanding with a
liquidation value of $5.0 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 January 16, 2006 to
preferred shareholders of record on January 2, 2006 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 March 15, 2006 to preferred
shareholders of record on March 1, 2006 at the rate of $1.125 per share.
Chesapeake has 3.45 million shares of 4.5% preferred stock outstanding with a
liquidation value of $345.0 million.
Chesapeake's Board has declared a quarterly cash dividend on Chesapeake's
5.0% Cumulative Convertible Preferred Stock (Series 2005B), par value $0.01.
The dividend for the 5.0% preferred stock is payable on February 15, 2006 to
preferred shareholders of record on February 1, 2006 at the quarterly rate of
$1.3472 per share. Chesapeake has 5.75 million shares of 5.0% preferred stock
(Series 2003) outstanding with a liquidation value of $575.0 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 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.
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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