Chesapeake Energy declares dividend prior to release of quarterly report

Oklahoma City’s Chesapeake Energy reports its board of directors has declared a one-cent dividend on its outstanding convertible preferred stock issues for the quarter.

The penny dividend covers four different stocks ranging from 4.50%, 5%, 5.75% and the 5.75% series A.

The 4.50% will be paid September 15 while the remaining three preferred stock issues will be paid Aug. 1, 2018.

Chesapeake also announced it will release the second quarter earnings result before the open of markets on Wednesday, Aug. 1. Company executives will hold a conference call later in the day at 8 a.m. central time.