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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) declared 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 annualized dividend and a yield of 21.36%. The ex-dividend date is Tuesday, November 19th. This is a boost 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 Friday. Chesapeake Granite Wash Trust has a 1 year low of $0.34 and a 1 year high of $0.90. The stock’s fifty day moving average price is $0.43 and its two-hundred day moving average price is $0.43.

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.