Summary
Chesapeake Energy Corporation (NYSE:CHK) filed an 8-K on December 20, 2002, reporting the declaration of its quarterly dividends for both common and preferred stock. This announcement provides clarity to investors regarding the distribution of earnings. The company's Board of Directors has authorized a $0.03 per share dividend for common shareholders, payable on January 15, 2003, to shareholders of record on January 2, 2003. This dividend is based on approximately 190 million common shares outstanding.
Key Highlights
- 1Declaration of a quarterly common stock dividend of $0.03 per share.
- 2Common stock dividend payable on January 15, 2003, to shareholders of record on January 2, 2003.
- 3Approximately 190 million common shares outstanding.
- 4Declaration of a quarterly cash dividend on 6.75% Cumulative Convertible Preferred Stock.
- 5Preferred stock dividend payable on February 17, 2003, to shareholders of record on February 3, 2003.
- 6Quarterly dividend rate for preferred stock is $0.84375 per share.
- 7Approximately 2.998 million shares of preferred stock outstanding with a liquidation value of $150 million.
Frequently Asked Questions
This 8-K filing by Chesapeake Energy Corporation is primarily to report the declaration of quarterly dividends on its common stock and its 6.75% Cumulative Convertible Preferred Stock.
The common stock dividend of $0.03 per share will be paid on January 15, 2003, to common shareholders who are of record as of January 2, 2003.
The quarterly cash dividend for the 6.75% Cumulative Convertible Preferred Stock is $0.84375 per share.
Chesapeake Energy Corporation has approximately 190 million common shares outstanding and 2.998 million shares of preferred stock outstanding.