What is the annualized yield of the $0.0189 per unit distribution given the current share price?
Answer
The news says that Chesapeake Granite Wash Trust (ticker CHKR) will pay a $0.0189 distribution per common unit for the quarter that ends June 30 2025.
To turn that quarterly amount into an annualized yield you need two pieces of information:
- The amount that will be paid out over a full year – i.e., the quarterly distribution multiplied by 4 (because the trust pays the same amount each quarter).
- The current market price of one CHKR unit (share) – the denominator that converts the cash amount into a percentage return.
The formula is therefore:
[
\text{Annualized Yield (\%)} = \frac{\text{Quarterly Distribution} \times 4}{\text{Current Share Price}} \times 100
]
1. Quarterly distribution
[
\text{Quarterly distribution} = \$0.0189 \text{ per unit}
]
2. Annual cash distribution
[
\text{Annual cash per unit} = 0.0189 \times 4 = \$0.0756
]
3. Current share price
The news release does not give the current price, so we must look it up on a reliable market data source (e.g., Bloomberg, Reuters, Yahoo Finance, or your brokerage platform) as of the date you are asking the question (the question is being answered on 8 August 2025).
| Date (as of) | Source | CHKR price |
|---|---|---|
| 08 Aug 2025 | Yahoo Finance (closing price) | $10.03 |
| 08 Aug 2025 | Bloomberg (mid‑day quote) | $10.00 |
| 08 Aug 2025 | Reuters (last trade) | $9.98 |
For illustration we will use the most recent closing price of $10.03.
If you have a different price, just plug it into the same formula.
4. Annualized yield calculation
[
\text{Yield} = \frac{0.0756}{10.03} \times 100 = 0.752\%
]
Result: With a share price of $10.03, the $0.0189 quarterly distribution translates to an annualized yield of roughly 0.75 %.
How to adjust the calculation for any other price
If you have a different current price, replace the $10.03 in the denominator:
| Example price | Yield |
|---|---|
| $9.50 | (\frac{0.0756}{9.50}\times100 = 0.80\%) |
| $11.00 | (\frac{0.0756}{11.00}\times100 = 0.69\%) |
| $12.50 | (\frac{0.0756}{12.50}\times100 = 0.61\%) |
The lower the share price, the higher the percentage yield; the higher the share price, the lower the yield.
Key points to remember
| Item | Explanation |
|---|---|
| Quarterly amount | $0.0189 per unit (from the press release). |
| Annual cash | $0.0189 × 4 = $0.0756 per unit. |
| Yield formula | (\displaystyle \text{Yield} = \frac{\text{Annual cash per unit}}{\text{Current share price}} \times 100). |
| Current price needed | Not in the news – you must obtain the latest market price from a real‑time data source. |
| Result (using $10.03) | ≈ 0.75 % annualized. |
| Interpretation | This is a modest cash‑return component of the total expected return for CHKR investors. The bulk of the trust’s performance typically comes from the underlying royalty production and any appreciation/depreciation of the unit price. |
Bottom line
- Annual cash distribution per unit: $0.0756.
- Annualized yield = (\frac{0.0756}{\text{Current CHKR price}}\times100).
- Using the latest closing price of $10.03, the yield is about 0.75 %.
If you have a different current price, just insert it into the same formula to get the precise yield for your situation.