OKLAHOMA CITY, Jan. 20, 2017 /PRNewswire/ — Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has reinstated the payment of dividends on its outstanding convertible preferred stock, as stated below.
Dividends in Arrears
Holders of record on February 1, 2017 for the 4.5%, 5.0%, 5.75% and 5.75% (Series A) Convertible Preferred Stock will receive four quarterly payments of dividends in arrears on February 15, 2017, as stated below.
Current Quarterly Dividend
For the current quarter, the Board of Directors also declared dividends on each series of its outstanding preferred stock, as stated below. Holders of outstanding 5.0% (Series 2005B), 5.75% and 5.75% (Series A) Convertible Preferred Stock on February 1, 2017 will receive current quarterly dividends on February 15, 2017. Holders of the 4.5% Convertible Preferred Stock on March 1, 2017 will receive current quarterly dividends on March 15, 2017.
Headquartered in Oklahoma City, Chesapeake Energy Corporation’s (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chesapeake-energy-corporation-reinstates-payment-of-quarterly-preferred-stock-dividends-300394343.html
SOURCE Chesapeake Energy Corporation