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, Chesapeakes Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.