Whiting USA Trust II (OTCMKTS:WHZT) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.141 per share on Thursday, May 30th. This represents a $0.56 annualized dividend and a dividend yield of 33.18%. The ex-dividend date of this dividend is Friday, May 17th. This is a boost from Whiting USA Trust II’s previous quarterly dividend of $0.10.
OTCMKTS:WHZT opened at $1.70 on Thursday. Whiting USA Trust II has a twelve month low of $1.00 and a twelve month high of $3.25.
Separately, ValuEngine lowered Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th.
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Whiting USA Trust II Company Profile
Whiting USA Trust II holds a term net profits interest in the oil and gas producing properties located in the Permian Basin, Rocky Mountains, Gulf Coast, and Mid-Continent regions. As of December 31, 2018, its oil and gas properties included interests in approximately 367.8 net producing oil and natural gas wells located in 46 predominately mature fields with established production profiles in 10 states.
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