Chesapeake Energy 2012 Annual Report Download - page 49
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39
PART II. OTHER INFORMATION
ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Price Range of Common Stock and Dividends
Our common stock trades on the New York Stock Exchange under the symbol "CHK". The following table sets
forth, for the periods indicated, the high and low sales prices per share of our common stock as reported by the New
York Stock Exchange and the amount of cash dividends declared per share:
Common Stock Dividend
High Low Declared
Year Ended December 31, 2012:
Fourth Quarter ............................................................................. $ 21.66 $ 16.23 $ 0.0875
Third Quarter ............................................................................... $ 20.64 $ 16.62 $ 0.0875
Second Quarter ........................................................................... $ 23.69 $ 13.32 $ 0.0875
First Quarter ................................................................................ $ 26.09 $ 20.41 $ 0.0875
Year Ended December 31, 2011:
Fourth Quarter ............................................................................. $ 29.87 $ 22.00 $ 0.0875
Third Quarter ............................................................................... $ 35.75 $ 25.54 $ 0.0875
Second Quarter ........................................................................... $ 34.70 $ 27.28 $ 0.0875
First Quarter ................................................................................ $ 35.95 $ 25.93 $ 0.0750
At February 12, 2013, there were approximately 2,250 holders of record of our common stock and approximately
375,500 beneficial owners.
While we expect to continue to pay dividends on our common stock, the payment of future cash dividends is
subject to the discretion of our Board of Directors and will depend upon, among other things, our financial condition,
our funds from operations, the level of our capital and development expenditures, our future business prospects,
contractual restrictions and other factors considered relevant by the Board of Directors.
In addition, our corporate revolving bank credit facility contains a restriction on our ability to declare and pay cash
dividends on our common or preferred stock if an event of default has occurred. The certificates of designation for our
preferred stock prohibit payment of cash dividends on our common stock unless we have declared and paid (or set
apart for payment) full accumulated dividends on the preferred stock.