Summary
This Form 8-K filing by Chesapeake Energy Corporation (CHK) on September 21, 2004, announces the declaration of quarterly cash dividends for its common and various series of preferred stock. For common shareholders, a dividend of $0.045 per share was declared, payable on October 15, 2004, to shareholders of record on October 1, 2004. The company reported approximately 267 million common shares outstanding. The filing also details dividends for several classes of preferred stock, including the 4.125% Cumulative Convertible Preferred Stock, 6.75% Cumulative Convertible Preferred Stock, 5.0% Cumulative Convertible Preferred Stock, and 6.0% Cumulative Convertible Preferred Stock. Specific payment dates, record dates, and dividend amounts per share are provided for each series, along with the number of outstanding shares and liquidation values. This information is crucial for income-focused investors and provides a clear picture of the company's commitment to returning capital to shareholders.
Key Highlights
- 1Chesapeake Energy Corporation (CHK) declared a quarterly common stock dividend of $0.045 per share.
- 2The common stock dividend is payable on October 15, 2004, to shareholders of record on October 1, 2004.
- 3Approximately 267 million common shares were outstanding at the time of the filing.
- 4Quarterly cash dividends were also declared for multiple series of preferred stock, including 4.125%, 6.75%, 5.0%, and 6.0% Cumulative Convertible Preferred Stock.
- 5Specific payment and record dates, along with dividend amounts per share, are provided for each preferred stock series.
- 6The filing reiterates Chesapeake Energy's position as one of the five largest independent natural gas producers in the U.S.