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 April 30, 2014 to common shareholders of record on April 14, 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     June 2, 2014     May 1, 2014     May 1, 2014     May 1, 2014
Payment Date     June 16, 2014     May 15, 2014     May 15, 2014     May 15, 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 10th 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
Investor 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
Investor Contact:
Gary T. Clark, CFA, 405-935-8870
ir@chk.com
or
Media Contact:
Gordon Pennoyer, 405-935-8878
media@chk.com