Chesapeake Energy Sets Common and Preferred Dividends

Natural gas producer Chesapeake Energy (NYSE: CHK  ) announced today its third-quarter dividend of $0.0875 per share, the same rate it's paid since 2011.

The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on July 15. The nat gas producer has made quarterly payouts to investors since 1997. 

The board also declared dividends on four series of preferred shares as follows:

  • 4.5% convertible preferred, which trades on the NYSE under the symbol CHK PrD, of $1.125 per share, payable on Sept. 16 to holders of record on Sept. 3.
  • 5% Series 2005B convertible preferred of $1.25 per share payable on Aug. 15 to holders of record on Aug. 1.
  • 5.75% non-voting convertible preferred of $14.375 per share payable on Aug. 15 to holders of record on Aug. 1.
  • 5.75% Series A non-voting convertible preferred of $14.375 per share payable on Aug. 15 to holders of record on Aug. 1.

The regular dividend payment equates to a $0.35-per-share annual dividend, yielding 1.7% based on the closing price of Chesapeake Energy's stock on June 14.

CHK Dividend Chart

CHK Dividend data by YCharts.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2493686, ~/Articles/ArticleHandler.aspx, 5/27/2016 8:36:16 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 17,828.29 -23.22 -0.13%
S&P 500 2,090.10 -0.44 -0.02%
NASD 4,901.77 6.88 0.14%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/26/2016 4:00 PM
CHK $4.23 Down -0.12 -2.76%
Chesapeake Energy CAPS Rating: ***