Chesapeake Granite Wash Trust (OTCMKTS:CHKR) to Issue Dividend Increase – $0.03 Per Share

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) announced a quarterly dividend on Monday, November 4th,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.0267 per share on Friday, November 29th. This represents a $0.11 annualized dividend and a dividend yield of 21.36%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02.

Chesapeake Granite Wash Trust Stock Performance

Shares of CHKR opened at $0.50 on Monday. Chesapeake Granite Wash Trust has a 52-week low of $0.34 and a 52-week high of $0.90. The company has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $0.43.

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.