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 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Friday, May 17th.

Chesapeake Granite Wash Trust Price Performance

Shares of CHKR stock traded up $0.01 during trading on Friday, hitting $0.59. 7,686 shares of the stock traded hands, compared to its average volume of 31,201. Chesapeake Granite Wash Trust has a 52-week low of $0.31 and a 52-week high of $1.22. The firm has a market capitalization of $27.48 million, a P/E ratio of 3.27 and a beta of 0.56. The firm’s fifty day moving average price is $0.60 and its 200-day moving average price is $0.67.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings results on Monday, April 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a net margin of 75.26% and a return on equity of 77.49%. The business had revenue of $1.93 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. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.