Chesapeake Granite Wash Trust (CHKR) to Issue Quarterly Dividend of $0.08 on March 2nd

Chesapeake Granite Wash Trust (NYSE:CHKR) declared a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Tuesday, February 20th will be given a dividend of 0.0787 per share by the oil and gas producer on Friday, March 2nd. This represents a $0.31 annualized dividend and a yield of 16.57%. The ex-dividend date is Friday, February 16th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.07.

Chesapeake Granite Wash Trust has decreased its dividend payment by an average of 46.9% per year over the last three years.

Chesapeake Granite Wash Trust (NYSE CHKR) opened at $1.90 on Thursday. The stock has a market cap of $88.82, a price-to-earnings ratio of 6.79 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 $3.05.

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About Chesapeake Granite Wash Trust

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.

Dividend History for Chesapeake Granite Wash Trust (NYSE:CHKR)

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