Chesapeake Granite Wash Trust (OTCMKTS:CHKR) to Issue Dividend of $0.03

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) declared a dividend on Saturday, May 17th, investing.com reports. Investors of record on Wednesday, May 21st will be paid a dividend of 0.0294 per share on Friday, May 30th. This represents a yield of 26.13%. The ex-dividend date is Tuesday, May 20th. This is a 45.5% increase from Chesapeake Granite Wash Trust’s previous dividend of $0.02.

Chesapeake Granite Wash Trust Stock Performance

Shares of Chesapeake Granite Wash Trust stock opened at $0.45 on Friday. The firm has a market capitalization of $21.04 million, a price-to-earnings ratio of 4.50 and a beta of 0.05. Chesapeake Granite Wash Trust has a fifty-two week low of $0.36 and a fifty-two week high of $0.59. The stock has a 50 day moving average of $0.44 and a 200 day moving average of $0.46.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings results on Monday, May 12th. The company reported $0.01 EPS for the quarter. Chesapeake Granite Wash Trust had a return on equity of 42.41% and a net margin of 64.37%. The business had revenue of $1.40 million during the quarter.

About Chesapeake Granite Wash Trust

Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.