Chesapeake Granite Wash Trust Plans Quarterly Dividend of $0.01 (OTCMKTS:CHKR)

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) announced a quarterly dividend on Friday, May 3rd, NASDAQ reports. Investors of record on Monday, May 20th will be given a dividend of 0.0098 per share on Thursday, May 30th. This represents a $0.04 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Friday, May 17th.

Chesapeake Granite Wash Trust Stock Up 1.3 %

Shares of OTCMKTS:CHKR traded up $0.01 during midday trading on Friday, hitting $0.59. 7,686 shares of the stock traded hands, compared to its average volume of 31,201. The business’s 50 day moving average is $0.60 and its two-hundred day moving average is $0.67. The stock has a market capitalization of $27.48 million, a PE ratio of 3.27 and a beta of 0.56. Chesapeake Granite Wash Trust has a one year low of $0.31 and a one year high of $1.22.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings results on Monday, April 1st. The company reported $0.03 EPS for the quarter. Chesapeake Granite Wash Trust had a return on equity of 77.49% and a net margin of 75.26%. The business had revenue of $1.93 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.