Chesapeake Granite Wash Trust (CHKR) Declares Dividend Increase – $0.08 Per Share
Chesapeake Granite Wash Trust (NYSE:CHKR) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.0787 per share by the oil and gas producer on Friday, March 2nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 17.02%. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.07.
Chesapeake Granite Wash Trust has decreased its dividend by an average of 46.9% annually over the last three years.
Shares of Chesapeake Granite Wash Trust (CHKR) opened at $1.85 on Friday. The stock has a market cap of $86.49, a PE ratio of 4.87 and a beta of 0.39. Chesapeake Granite Wash Trust has a fifty-two week low of $1.75 and a fifty-two week high of $3.35.
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Chesapeake Granite Wash Trust Company Profile
Chesapeake Granite Wash Trust (the Trust) is a trust formed to own royalty interests for the benefit of Trust unit holders. The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake Energy Corporation’s (Chesapeake) interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County.
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