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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) announced a dividend on Monday, November 4th, NASDAQ reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.0267 per share on Friday, November 29th. The ex-dividend date of this dividend is Tuesday, November 19th. This is an increase from Chesapeake Granite Wash Trust’s previous dividend of $0.02.

Chesapeake Granite Wash Trust Price Performance

CHKR stock remained flat at $0.45 during trading on Tuesday. 54,462 shares of the company’s stock were exchanged, compared to its average volume of 31,731. The company has a fifty day moving average of $0.42 and a two-hundred day moving average of $0.44. The firm has a market capitalization of $20.13 million, a P/E ratio of 4.46 and a beta of 0.44. Chesapeake Granite Wash Trust has a 52-week low of $0.34 and a 52-week high of $0.90.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.25 million for the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%.

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.