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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) declared a dividend on Monday, November 4th, NASDAQ reports. Stockholders of record on Tuesday, November 19th will be paid 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

Shares of CHKR stock remained flat at $0.45 during trading hours on Tuesday. 54,462 shares of the company were exchanged, compared to its average volume of 31,731. The company has a market cap of $20.13 million, a price-to-earnings ratio of 4.46 and a beta of 0.44. The company’s fifty day simple moving average is $0.42 and its 200-day simple moving average is $0.44. Chesapeake Granite Wash Trust has a 1-year low of $0.34 and a 1-year high of $0.90.

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

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.