Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 6,400 shares, a decline of 74.7% from the November 15th total of 25,300 shares. Based on an average trading volume of 104,700 shares, the short-interest ratio is currently 0.1 days.
Chesapeake Granite Wash Trust Stock Performance
CHKR stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.46. The company had a trading volume of 16,712 shares, compared to its average volume of 34,289. The stock’s fifty day moving average price is $0.45 and its two-hundred day moving average price is $0.43. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.79. The firm has a market cap of $21.51 million, a PE ratio of 4.60 and a beta of 0.46.
Chesapeake Granite Wash Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.0267 per share. This is an increase from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, November 19th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 23.22%. Chesapeake Granite Wash Trust’s dividend payout ratio is 100.00%.
About Chesapeake Granite Wash Trust
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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