Chesapeake Energy (ticker: CHK, exchange: New York Stock Exchange (.N))
News Release -
11-Mar-2005
Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock DividendsPrinter Friendly Version (pdf format)
OKLAHOMA CITY, March 11 /PRNewswire-FirstCall/ -- Chesapeake Energy
Corporation (NYSE: CHK) today announced that its Board of Directors has
declared a $0.045 per share quarterly dividend that will be paid on April 15,
2005 to common shareholders of record on April 1, 2005. Chesapeake has
approximately 314 million common shares outstanding.
Chesapeake's Board has also 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 June 15, 2005 to
preferred shareholders of record on June 1, 2005 at the quarterly rate of
$10.3125 per share. Chesapeake has 313,250 shares of 4.125% preferred stock
outstanding with a liquidation value of $313.3 million.
Chesapeake's Board has also declared a quarterly cash dividend on
Chesapeake's 5.0% Cumulative Convertible Preferred Stock, par value $0.01.
The dividend for the 5.0% preferred stock is payable on May 16, 2005 to
preferred shareholders of record on May 2, 2005 at the quarterly rate of
$1.25 per share. Chesapeake has 1.725 million shares of 5.0% preferred stock
outstanding with a liquidation value of $172.5 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 June 15, 2005 to preferred
shareholders of record on June 1, 2005 at the quarterly rate of $0.75 per
share. Chesapeake has 103,010 shares of 6% preferred stock outstanding with a
liquidation value of $5.2 million.
Chesapeake Energy Corporation is the fourth 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 producing
property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas
Gulf Coast and Ark-La-Tex regions of the United States. The company's
Internet address is http://www.chkenergy.com .
SOURCE Chesapeake Energy Corporation
CONTACT: Marc Rowland, Executive Vice President and Chief Financial
Officer, +1-405-879-9232, or Tom Price, Jr., Senior Vice President - Investor
Relations, +1-405-879-9257, both of Chesapeake Energy Corporation
Web site: http://www.chkenergy.com
(CHK)
|
Chesapeake Energy
