Chesapeake Granite Wash Trust (CHKR) To Go Ex-Dividend on November 18th

Chesapeake Granite Wash Trust (NYSE:CHKR) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 24.67%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.03.

NYSE CHKR traded down $0.04 on Thursday, reaching $0.60. The company had a trading volume of 39,360 shares, compared to its average volume of 85,502. The firm has a market capitalization of $25.25 million, a price-to-earnings ratio of 2.08 and a beta of 1.18. Chesapeake Granite Wash Trust has a 1-year low of $0.47 and a 1-year high of $1.72. The company’s fifty day moving average is $0.56 and its 200-day moving average is $0.94.

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

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. 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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