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CHK » Topics » CHESAPEAKE ENERGY CORPORATION INCREASES QUARTERLY COMMON STOCK DIVIDEND BY 20%, ALSO DECLARES PREFERRED STOCK DIVIDENDS

This excerpt taken from the CHK 8-K filed Jun 15, 2006.

CHESAPEAKE ENERGY CORPORATION INCREASES QUARTERLY COMMON STOCK DIVIDEND BY 20%, ALSO DECLARES PREFERRED STOCK DIVIDENDS

 

OKLAHOMA CITY, OKLAHOMA, JUNE 14, 2006 – Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.06 per share quarterly dividend that will be paid on July 17, 2006 to common shareholders of record on July 3, 2006. This is an increase of 20% from the last quarterly common stock dividend of $0.05 per share that was paid on April 17, 2006. Chesapeake has approximately 400 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

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