July 21, 2015 / 11:21 AM / 5 years ago

Chesapeake Energy to suspend dividend payments

July 21 (Reuters) - Chesapeake Energy Corp said on Tuesday it would suspend dividend payments, starting in the current quarter, to save up to $240 million a year.

The second-largest U.S. natural gas producer, which has been hurt by weak prices, was due to pay an annual dividend of 35 cents per share. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Saumyadeb Chakrabarty)

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