8-KOther Events

EXPAND ENERGY Corp 8-K Report (Mar 19, 2003)

Filed March 19, 2003For Securities:EXEEXEELEXEEWEXEEZ

Summary

This 8-K filing from Chesapeake Energy Corporation (CHK), dated March 19, 2003, announces the declaration of quarterly dividends for both its common stock and two series of preferred stock. Specifically, a $0.03 per share dividend was declared for common shareholders, with approximately 214 million shares outstanding. Additionally, dividends were declared for the 6.75% Cumulative Convertible Preferred Stock ($0.84375 per share on 2.998 million shares) and the 6.0% Cumulative Convertible Preferred Stock ($0.8333 per share on 4.6 million shares).

Key Highlights

  • 1Chesapeake Energy declared a quarterly common stock dividend of $0.03 per share.
  • 2The common stock dividend is payable on April 15, 2003, to shareholders of record on April 1, 2003.
  • 3A quarterly cash dividend of $0.84375 per share was declared for the 6.75% Cumulative Convertible Preferred Stock.
  • 4The 6.75% preferred stock dividend is payable on May 15, 2003, to shareholders of record on May 1, 2003.
  • 5A quarterly cash dividend of $0.8333 per share was declared for the 6.0% Cumulative Convertible Preferred Stock.
  • 6The 6.0% preferred stock dividend is payable on June 16, 2003, to shareholders of record on June 2, 2003.
  • 7The filing also includes standard forward-looking statement disclosures.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that Chesapeake Energy Corporation's Board of Directors has declared quarterly dividends for its common stock and two series of preferred stock.

The common stock dividend of $0.03 per share will be paid on April 15, 2003, to all common shareholders of record as of April 1, 2003.

For the 6.75% Cumulative Convertible Preferred Stock, a dividend of $0.84375 per share is payable on May 15, 2003, to shareholders of record on May 1, 2003. For the 6.0% Cumulative Convertible Preferred Stock, a dividend of $0.8333 per share is payable on June 16, 2003, to shareholders of record on June 2, 2003.

Chesapeake Energy Corporation is identified as one of the ten largest independent natural gas producers in the U.S., focusing on developmental drilling and property acquisitions in the Mid-Continent region of the United States.