Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Raises Dividend to $0.03 Per Share

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) declared a dividend on Monday, November 4th, NASDAQ reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.0267 per share on Friday, November 29th. The ex-dividend date 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 OTCMKTS:CHKR opened at $0.45 on Wednesday. The company has a market cap 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. The business has a fifty day simple moving average of $0.42 and a 200-day simple moving average of $0.44.

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

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.