Summary
Chesapeake Energy Corporation (CHK) announced on March 8, 2004, that its Board of Directors has declared regular quarterly dividends for its common stock and three series of preferred stock. This filing is primarily an informational update regarding these dividend declarations. For common shareholders, a dividend of $0.035 per share will be paid on April 15, 2004, to shareholders of record on April 1, 2004, impacting approximately 241 million shares. Additionally, dividends were declared for the 6.75% Cumulative Convertible Preferred Stock, the 5.0% Cumulative Convertible Preferred Stock, and the 6.0% Cumulative Convertible Preferred Stock, with payment dates and record dates specified for each. These dividends reinforce Chesapeake's commitment to returning capital to its shareholders.
Key Highlights
- 1Chesapeake Energy Corporation declared a quarterly common stock dividend of $0.035 per share, payable April 15, 2004.
- 2Approximately 241 million common shares are outstanding, impacting a significant number of common shareholders.
- 3A quarterly dividend was declared for the 6.75% Cumulative Convertible Preferred Stock, payable May 17, 2004.
- 4A quarterly dividend was declared for the 5.0% Cumulative Convertible Preferred Stock, payable May 17, 2004.
- 5A quarterly dividend was declared for the 6.0% Cumulative Convertible Preferred Stock, payable June 15, 2004.
- 6The company confirmed its status as one of the six largest independent U.S. natural gas producers.
- 7Chesapeake's operations are focused on drilling and property acquisitions in key U.S. regions.