Chesapeake Granite Wash Trust Plans Quarterly Dividend of $0.03 (NYSE:CHKR)

Chesapeake Granite Wash Trust (NYSE:CHKR) declared a quarterly dividend on Monday, August 5th, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.032 per share by the oil and gas producer on Thursday, August 29th. This represents a $0.13 annualized dividend and a yield of 12.55%. The ex-dividend date is Friday, August 16th.

Chesapeake Granite Wash Trust has decreased its dividend by an average of 45.8% annually over the last three years.

Shares of CHKR opened at $1.02 on Tuesday. Chesapeake Granite Wash Trust has a 52-week low of $0.99 and a 52-week high of $1.89. The firm has a 50 day simple moving average of $1.05.

Chesapeake Granite Wash Trust (NYSE:CHKR) last issued its quarterly earnings results on Tuesday, May 14th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $3.36 million for the quarter. Chesapeake Granite Wash Trust had a return on equity of 42.63% and a net margin of 81.70%.

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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