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 dividend on an annualized basis and a yield of 21.36%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a positive change 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. The company’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.43. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.90.

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.