Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY--()--Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on January 31, 2014 to common shareholders of record on January 15, 2014. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

    4.50%   5% (2005B)   5.75%   5.75% (Series A)
NYSE Symbol   CHK Pr D   N/A   N/A   N/A
Date of Original Issue   September 14, 2005   November 8, 2005   May 17, 2010   May 17, 2010
Registered CUSIP   165167842   165167826   N/A   N/A
144A CUSIP   N/A   165167834   165167776   165167784
RegS CUSIP   N/A   N/A   U16450204   U16450113
Clean (no legends) CUSIP   N/A   N/A   165167768   165167750
Par Value per Share   $0.01   $0.01   $0.01   $0.01
Shares Outstanding   2,558,900   2,095,615   1,497,000   1,100,000
Liquidation Preference per Share   $100   $100   $1,000   $1,000
Record Date   March 3, 2014   February 3, 2014   February 3, 2014   February 3, 2014
Payment Date   March 17, 2014   February 17, 2014   February 17, 2014   February 17, 2014
Amount per Share   $1.125   $1.25   $14.375   $14.375

Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional natural gas and oil assets onshore in the U.S. The company also owns substantial marketing, compression and oilfield services businesses. Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

Contacts

Chesapeake Energy Corporation
Chesapeake Contact:
Gary T. Clark, CFA, 405-935-8870
ir@chk.com
or
Media Contact:
Gordon Pennoyer, 405-935-8878
media@chk.com

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Contacts

Chesapeake Energy Corporation
Chesapeake Contact:
Gary T. Clark, CFA, 405-935-8870
ir@chk.com
or
Media Contact:
Gordon Pennoyer, 405-935-8878
media@chk.com