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 July 31, 2014 to common shareholders of record on July 16, 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       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       2,095,615       1,497,000       1,100,000
Liquidation Preference per Share       $100       $100       $1,000       $1,000
Record Date       September 2, 2014       August 1, 2014       August 1, 2014       August 1, 2014
Payment Date       September 15, 2014       August 15, 2014       August 15, 2014       August 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.