Chesapeake Granite Wash Trust (CHKR) to Issue Quarterly Dividend of $0.09 on August 31st

Chesapeake Granite Wash Trust (NYSE:CHKR) announced a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Shareholders of record on Monday, August 21st will be given a dividend of 0.0949 per share by the oil and gas producer on Thursday, August 31st. This represents a $0.38 annualized dividend and a yield of 16.15%. The ex-dividend date is Thursday, August 17th.

Chesapeake Granite Wash Trust has decreased its dividend by an average of 46.4% annually over the last three years.

Shares of Chesapeake Granite Wash Trust (NYSE CHKR) opened at 2.35 on Friday. The firm’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.62. The firm has a market cap of $109.86 million, a PE ratio of 8.94 and a beta of 0.47. Chesapeake Granite Wash Trust has a 1-year low of $1.99 and a 1-year high of $3.85.

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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.