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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 High Low

Dividend Declared

Year Ended December 31, 2016: Fourth Quarter ................................................................................ Third Quarter .................................................................................. Second Quarter .............................................................................. First Quarter ...................................................................................

$ $ $ $

8.20 8.15 7.59 5.76

$ $ $ $

5.14 4.13 3.53 1.50

$ $ $ $

— — — —

Year Ended December 31, 2015: Fourth Quarter ................................................................................ Third Quarter .................................................................................. Second Quarter .............................................................................. First Quarter ...................................................................................

$ $ $ $

9.55 11.90 16.98 21.49

$ $ $ $

3.56 6.01 10.94 13.38

$ $ $ $

— — — 0.0875

As of February 6, 2017, there were approximately 2,000 holders of record of our common stock and approximately 347,000 beneficial owners. In July 2015, our Board of Directors determined to eliminate quarterly cash dividends on our common stock. In January 2016, we announced that we were suspending payment of dividends on each series of our outstanding convertible preferred stock. Suspension of the dividends did not constitute an event of default under our revolving credit facility or outstanding bond indentures. On February 15, 2017, we reinstated the payment of dividends on each series of our outstanding convertible preferred stock and paid our dividends in arrears. Our revolving credit facility and our term loan facility contain restrictions 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.

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Profile for Chesapeake Energy

2016 Annual Report  

2016 Annual Report