EX-99.P 2 chk03072006_exh991.htm PRESS RELEASE OF MARCH 6, 2006

EXHIBIT 99.1

 


 

FOR IMMEDIATE RELEASE

March 6, 2006

 

 

N e w s R e l e a s e

 

 

Chesapeake Energy Corporation

P. O. Box 18496

Oklahoma City, OK 73154

 

INVESTOR CONTACT:

JEFFREY L. MOBLEY, CFA

VICE PRESIDENT-

INVESTOR RELATIONS AND RESEARCH

(405) 767-4763

 

MEDIA CONTACT:

THOMAS S. PRICE, JR.

SENIOR VICE PRESIDENT -

CORPORATE DEVELOPMENT

(405) 879-9257

 

 

CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY

COMMON AND PREFERRED STOCK DIVIDENDS

 

OKLAHOMA CITY, OKLAHOMA, MARCH 6, 2006 - 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 April 17, 2006 to common shareholders of record on April 3, 2006. Chesapeake has approximately 379 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below:

 

Chesapeake Energy Corporation

Preferred Stock Dividend Declaration

 

 

Cumulative Convertible Preferred Stock

 

5% (2003)

4.125%

5% (2005)

4.50%

5% (2005B)

Date of Issue

May 18, 2003

Mar. 30, 2004

April 19, 2005

Sept. 14, 2005

Nov. 8, 2005

Registered CUSIP

165167800

165167875

165167859

165167842

165167826

144A CUSIP

N/A

165167883

165167867

N/A

165167834

Par Value per Share

$0.01

$0.01

$0.01

$0.01

$0.01

Shares Outstanding

842,673

86,310

4,600,000

3,450,000

5,750,000

Liquidation Preference per Share

$100

$1,000

$100

$100

$100

Record Date

May 1, 2006

June 1, 2006

April 3, 2006

June 1, 2006

May 1, 2006

Payment Date

May 15, 2006

June 15, 2006

April 17, 2006

June 15, 2006

May 15, 2006

Amount per Share

$1.25

$10.3125

$1.25

$1.125

$1.25

 

 

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 corporate 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. The company’s Internet address is www.chkenergy.com.