EX-99.1 2 chk09062007_3qdividends.htm PRESS RELEASE ANNOUNCING QUARTERLY DIVIDENDS

EXHIBIT 99.1

 

 


 

FOR IMMEDIATE RELEASE

SEPTEMBER 5, 2007

 

 

N e w s R e l e a s e

 

 

Chesapeake Energy Corporation

P. O. Box 18496

Oklahoma City, OK 73154

 

CONTACTS:

 

JEFFREY L. MOBLEY, CFA

SENIOR VICE PRESIDENT –

INVESTOR RELATIONS AND RESEARCH

(405) 767-4763

 

MARC ROWLAND

EXECUTIVE VICE PRESIDENT

AND CHIEF FINANCIAL OFFICER

(405) 879-9232

 

 

CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY

COMMON AND PREFERRED STOCK DIVIDENDS

 

OKLAHOMA CITY, OKLAHOMA, SEPTEMBER 5, 2007 – Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0675 per share quarterly dividend that will be paid on October 15, 2007 to common shareholders of record on October 1, 2007. Chesapeake has approximately 474 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

 

 

Cumulative Convertible Preferred Stock

 

4.125%

5% (2005)

4.50%

5% (2005B)

6.25%

NYSE Symbol

N/A

N/A

CHK Pr D

N/A

CHK Pr E

Date of Issue

Mar. 30, 2004

April 19, 2005

Sept. 14, 2005

Nov. 8, 2005

June 30, 2006

Registered CUSIP

165167875

165167859

165167842

165167826

165167818

144A CUSIP

165167883

165167867

N/A

165167834

N/A

Par Value per Share

$0.01

$0.01

$0.01

$0.01

$0.01

Shares Outstanding

3,062

4,600,000

3,450,000

5,750,000

2,300,000

Liquidation Preference per Share

$1,000

$100

$100

$100

$250

Record Date

Dec. 3, 2007

Oct. 1, 2007

Dec. 3, 2007

Nov. 1, 2007

Dec. 3, 2007

Payment Date

Dec. 17, 2007

Oct. 15, 2007

Dec. 17, 2007

Nov. 15, 2007

Dec. 17, 2007

Amount per Share

$10.3125

$1.25

$1.125

$1.25

$3.90625

 

Chesapeake Energy Corporation is the largest independent producer and third-largest overall producer of natural gas in the United States. Headquartered in Oklahoma City, the company’s operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Fort Worth Barnett Shale, Fayetteville Shale, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast, Ark-La-Tex and Appalachian Basin regions of the United States. The company’s Internet address is www.chkenergy.com.