Chesapeake Energy 2013 Annual Report Download - page 41

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In a related case, in December 2012, CALLC pled guilty to three misdemeanor violations of the CWA for
unauthorized discharge at one of the sites subject to the consent decree of crushed stone and gravel into a local stream
to create a roadway to improve access to a drilling site. CALLC paid a $600,000 penalty and has fully restored the
site. We believe that CALLC is in compliance with the terms of probation. By operation of law, a CWA conviction triggers
“disqualification”, by which the disqualified entity is prohibited from receiving federal contracts or benefits until the EPA
certifies that the conditions giving rise to the conviction have been corrected. Disqualification of CALLC has not had,
and we do not expect it to have, a material adverse impact on our business.
ITEM 4. Mine Safety Disclosures
Not applicable. PART II
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, 2013:
Fourth Quarter ............................................................................. $ 29.06 $ 25.06 $ 0.0875
Third Quarter ............................................................................... $ 27.46 $ 20.30 $ 0.0875
Second Quarter ........................................................................... $ 22.86 $ 18.21 $ 0.0875
First Quarter ................................................................................ $ 22.97 $ 16.32 $ 0.0875
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
As of February 11, 2014, there were approximately 2,200 holders of record of our common stock and approximately
331,500 beneficial owners.
Although 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.