Summary
Chesapeake Energy Corporation (CHK) filed an 8-K on May 18, 2004, to report a press release dated May 17, 2004. The primary purpose of this filing is to announce the declaration of a cash dividend on its 4.125% Cumulative Convertible Preferred Stock. The dividend is set at $8.5938 per share and will be paid on June 15, 2004, to shareholders of record as of June 1, 2004. This filing indicates that Chesapeake has 313,250 shares of this preferred stock outstanding, with a total liquidation value of $313.3 million. As one of the six largest independent U.S. natural gas producers, the company's focus remains on exploration, development drilling, and acquiring producing properties across several key U.S. regions.
Key Highlights
- 1Chesapeake Energy Corporation (CHK) declared a cash dividend on its 4.125% Cumulative Convertible Preferred Stock.
- 2The dividend payment date is June 15, 2004.
- 3The record date for the dividend is June 1, 2004.
- 4The dividend rate is $8.5938 per share.
- 5There are 313,250 shares of 4.125% preferred stock outstanding.
- 6The total liquidation value of the outstanding preferred stock is $313.3 million.
- 7Chesapeake Energy is identified as one of the six largest independent U.S. natural gas producers.