Summary
This 8-K filing from Chesapeake Energy Corporation (CHK) on September 22, 2003, primarily reports the declaration of quarterly dividends by its Board of Directors. For common shareholders, a dividend of $0.035 per share is scheduled to be paid on October 15, 2003, to shareholders of record on October 1, 2003. This dividend applies to approximately 216 million common shares outstanding. Additionally, the filing details dividend declarations for two classes of preferred stock. The 6.75% Cumulative Convertible Preferred Stock will receive a quarterly dividend of $0.84375 per share, payable on November 17, 2003, to shareholders of record on November 3, 2003. The 6.0% Cumulative Convertible Preferred Stock will receive a quarterly dividend of $0.75 per share, payable on December 15, 2003, to shareholders of record on December 1, 2003, with potential additional dividends contingent on SEC effectiveness of registration. These preferred dividends relate to 2.998 million shares of 6.75% preferred stock and 4.6 million shares of 6.0% preferred stock.
Key Highlights
- 1Chesapeake Energy Corporation declared a quarterly common stock dividend of $0.035 per share.
- 2The common stock dividend is payable on October 15, 2003, to shareholders of record on October 1, 2003.
- 3Approximately 216 million common shares are outstanding.
- 4A quarterly dividend of $0.84375 per share was declared for the 6.75% Cumulative Convertible Preferred Stock.
- 5The 6.75% preferred stock dividend is payable on November 17, 2003, to shareholders of record on November 3, 2003.
- 6A quarterly dividend of $0.75 per share plus potential additional dividends was declared for the 6.0% Cumulative Convertible Preferred Stock.
- 7The 6.0% preferred stock dividend is payable on December 15, 2003, to shareholders of record on December 1, 2003.