Chesapeake Granite Wash Trust (NYSE:CHKR) had declared a cash dividend of $0.0734 on Aug 5, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed for Aug 19, 2016. On Aug 5, 2016 share price, the yield comes out to be 14.9111%. The dividend payable date has been fixed on Aug 29, 2016.
Chesapeake Granite Wash Trust (CHKR) made into the market gainers list on Wednesdays trading session with the shares advancing 1.01% or 0.0234 points. Due to strong positive momentum, the stock ended at $2.34, which is also near the day’s high of $2.38. The stock began the session at $2.29 and the volume stood at 2,53,367 shares. The 52-week high of the shares is $5.8708 and the 52 week low is $1.56. The company has a current market capitalization of $109 M and it has 4,67,50,000 shares in outstanding.
Chesapeake Granite Wash Trust (the Trust) is a trust formed to own royalty interests for the benefit of Trust unit holders conveyed to the trust by Chesapeake Energy Corporation (Chesapeake). The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake’s interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. Chesapeake conveyed the Royalty Interests to the Trust from its interests in 69 existing horizontal wells (Producing Wells) and Chesapeake’s interests in 118 horizontal development wells (Development Wells) to be drilled on properties within the Area of Mutual Interest (AMI). The AMI lies within Washita County in western Oklahoma and is limited to only the Colony Granite Wash formation where Chesapeake holds approximately 45400 gross acres (28700 net acres) as of December 31 2014.