Chesapeake Granite Wash Trust (NYSE:CHKR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.73 and last traded at $1.70, with a volume of 57059 shares traded. The stock had previously closed at $1.77.
The stock has a market capitalization of $82.98, a PE ratio of 4.47 and a beta of 0.37.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th were given a dividend of $0.0787 per share. This represents a $0.31 dividend on an annualized basis and a yield of 18.52%. The ex-dividend date was Friday, February 16th. This is a positive change from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.07. Chesapeake Granite Wash Trust’s payout ratio is 81.58%.
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.
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