Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Trading Up 5.3%

Chesapeake Granite Wash Trust (OTCMKTS:CHKRGet Free Report)’s share price was up 5.3% during mid-day trading on Thursday . The stock traded as high as $0.61 and last traded at $0.60. Approximately 16,481 shares traded hands during trading, a decline of 32% from the average daily volume of 24,278 shares. The stock had previously closed at $0.57.

Chesapeake Granite Wash Trust Stock Performance

The company’s 50-day moving average is $0.66 and its 200-day moving average is $0.78.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Monday, February 19th were given a dividend of $0.0214 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 14.27%. The ex-dividend date of this dividend was Thursday, February 15th.

About Chesapeake Granite Wash Trust

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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.

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