EX-99.2 3 chk06112008_ex992.htm PRESS RELEASE DATED JUNE 10, 2008 chk06112008_ex992.htm
 
Exhibit 99.2
 
 
FOR IMMEDIATE RELEASE
JUNE 10, 2008
 
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
jeff.mobley@chk.com
MARC ROWLAND
EXECUTIVE VICE PRESIDENT
AND CHIEF FINANCIAL OFFICER
(405) 879-9232
marc.rowland@chk.com

CHESAPEAKE ENERGY CORPORATION INCREASES QUARTERLY
COMMON STOCK DIVIDEND BY 11% AND DECLARES
PREFERRED STOCK DIVIDENDS

OKLAHOMA CITY, OKLAHOMA, JUNE 10, 2008 – Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.075 per share quarterly dividend that will be paid on July 15, 2008 to common shareholders of record on July 1, 2008.  Chesapeake has approximately 546 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
3,059
5,000
3,450,000
3,031,500
143,768
Liquidation Preference per Share
$1,000
$100
$100
$100
$250
Record Date
Sept. 2, 2008
July 1, 2008
Sept. 2, 2008
Aug. 1, 2008
Sept. 2, 2008
Payment Date
Sept. 15, 2008
July 15, 2008
Sept. 15, 2008
Aug. 15, 2008
Sept. 15, 2008
Amount per Share
$10.3125
$1.25
$1.125
$1.25
$3.90625

Chesapeake Energy Corporation is the third-largest 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 Fort Worth Barnett Shale, Fayetteville Shale, Haynesville Shale, Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United States. Chesapeake’s Internet address is www.chk.com.