Chesapeake Granite Wash Trust (CHKR) will issue a $0.02 dividend on August 29th

Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Your Free Report ) announced a dividend on Friday, August 16th, investing.com reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.0202 per share on Thursday, August 29th. This represents a dividend yield of 18.12%. The ex-dividend date is Monday, August 19.

Chesapeake Granite Wash Trust trades down 3.5%

Shares of CHKR opened at $0.43 on Friday. The company has a market cap of $19.87 million, a P/E ratio of 3.27 and a beta of 0.48. The company’s 50-day moving average is $0.42, and its two-hundred-day moving average is $0.52. Chesapeake Granite Wash Trust has a 12-month low of $0.31 and a 12-month high of $1.16.

About the Chesapeake Granite Wash Trust

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The Chesapeake Granite Wash Trust owns royalties 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 royalties in 69 producing wells and 118 development wells and approximately 26,400 net acreage acres.

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