Chesapeake Granite Wash Trust (NYSE:CHKR) Plans Dividend Increase – $0.04 Per Share

Chesapeake Granite Wash Trust (NYSE:CHKR) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.037 per share by the oil and gas producer on Friday, November 29th. This represents a $0.15 dividend on an annualized basis and a yield of 24.34%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.03.

Shares of CHKR opened at $0.61 on Thursday. Chesapeake Granite Wash Trust has a 1 year low of $0.47 and a 1 year high of $1.72. The stock has a market cap of $25.25 million, a P/E ratio of 2.08 and a beta of 1.18. The stock’s 50-day moving average price is $0.56 and its two-hundred day moving average price is $0.94.

Chesapeake Granite Wash Trust (NYSE:CHKR) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a return on equity of 40.66% and a net margin of 81.03%. The firm had revenue of $2.51 million for the quarter.

Chesapeake Granite Wash Trust Company Profile

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. The company has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.

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Dividend History for Chesapeake Granite Wash Trust (NYSE:CHKR)

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