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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) declared a dividend on Monday, November 4th, NASDAQ reports. Shareholders 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 a boost from Chesapeake Granite Wash Trust’s previous dividend of $0.02.

Chesapeake Granite Wash Trust Trading Up 0.1 %

Shares of CHKR traded up $0.00 during mid-day trading on Tuesday, hitting $0.45. 54,462 shares of the company’s stock were exchanged, compared to its average volume of 31,731. Chesapeake Granite Wash Trust has a fifty-two week low of $0.34 and a fifty-two week high of $0.90. The business’s 50 day moving average is $0.42 and its two-hundred day moving average is $0.44. The firm has a market capitalization of $20.13 million, a P/E ratio of 4.45 and a beta of 0.44.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last issued 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 return on equity of 41.19% and a net margin of 61.39%. 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.