Chesapeake Energy Corp. (CHK) Raises Quarterly Dividend 17% to $0.0875; 1.2% Yield

Chesapeake Energy Corp. (NYSE: CHK) declared a quarterly dividend of $0.0875 per share, or $0.35 annualized. This is a 16.7% increase from the prior dividend of $0.075.

The dividend will be payable on July 15, 2011, to stockholders of record on July 1, 2011, with an ex-dividend date of June 29, 2011.

The annual yield on the dividend is 1.2 percent.

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