CHESAPEAKE ENERGY CORPORATION OKLAHOMA CITY, Jan. 20, 2017 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has reinstated the payment of dividends on its outstanding convertible preferred stock, as stated below.
Dividends in Arrears
Holders of record on February 1, 2017 for the 4.5%, 5.0%, 5.75% and 5.75% (Series A) Convertible Preferred Stock will receive four quarterly payments of dividends in arrears on February 15, 2017, as stated below.
4.50% 5% (2005B) 5.75% 5.75% (Series A)
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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 165167768 165167750
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144A CUSIP N/A 165167834 165167776 165167784
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RegS CUSIP N/A N/A U16450204 U16450113
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Clean (no legends)
CUSIP N/A N/A 165167768 165167750
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Par Value per Share $0.01 $0.01 $0.01 $0.01
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Shares Outstanding 2,558,900 1,810,667 770,528 463,363
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Liquidation
Preference per
Share $100 $100 $1,000 $1,000
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Record Date February 1, 2017 February 1, 2017 February 1, 2017 February 1, 2017
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Payment Date February 15, 2017 February 15, 2017 February 15, 2017 February 15, 2017
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Amount per Share
(four quarters in
arrears) $4.50 $5.00 $57.50 $57.50
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Current Quarterly Dividend
For the current quarter, the Board of Directors also declared dividends on each series of its outstanding preferred stock, as stated below. Holders of outstanding 5.0% (Series 2005B), 5.75% and 5.75% (Series A) Convertible Preferred Stock on February 1, 2017 will receive current quarterly dividends on February 15, 2017. Holders of the 4.5% Convertible Preferred Stock on March 1, 2017 will receive current quarterly dividends on March 15, 2017.
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 165167768 165167750
---------------- --------- --------- --------- ---------
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 1,810,667 770,528 463,363
------------------ --------- --------- ------- -------
Liquidation
Preference per
Share $100 $100 $1,000 $1,000
--------------- ---- ---- ------ ------
Record Date March 1, 2017 February 1, 2017 February 1, 2017 February 1, 2017
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Payment Date March 15, 2017 February 15, 2017 February 15, 2017 February 15, 2017
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Amount per Share $1.125 $1.25 $14.375 $14.375
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Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses.
INVESTOR CONTACT: MEDIA CONTACT:
Brad Sylvester, CFA Gordon Pennoyer
405-935-8870 405-935-8878
ir@chk.com media@chk.com
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SOURCE Chesapeake Energy Corporation
