Chesapeake Granite Wash Trust (CHKR) Declares $0.0403 Quarterly Dividend; 5.1% Yield
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Chesapeake Granite Wash Trust Announces Distribution Of $0.0403 Per Common Unit
May 6, 2016 7:00 AM EDTAUSTIN, Texas, May 6, 2016 /PRNewswire/ --Â Chesapeake Granite Wash Trust (NYSE: CHKR) (the "Trust") today announced that its common unit distribution for the quarter ended March 31, 2016 (which primarily relates to production attributable to the Trust's royalty interests from December 1, 2015 through February 29, 2016) will be $0.0403 per common unit. The distribution will be paid on May 31, 2016 to all common unitholders of record at the close of business on May 20, 2016.
During the three-month production period ended February 29, 2016, sales volumes and realized prices were both lower than initial Trust estimates. This resulted in quarterly income available for... More
