Chesapeake Energy Corporation announced that its Board of Directors has declared a $0.075 per share quarterly dividend that will be paid on January 18, 2011 to common shareholders of record on January 3, 2011.
Chesapeake has approximately 655 million common shares outstanding.
In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues.
Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S.Headquartered in Oklahoma City, the company’s operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S.Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Granite Wash, Eagle Ford, Niobrara and various other unconventional liquids plays.The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets.
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Source: Chesapeake Energy , December 29, 2010;