Whiting USA Trust II (WHZT) Announces Dividend Increase – $0.17 Per Share

Whiting USA Trust II (OTCMKTS:WHZT) announced a quarterly dividend on Friday, February 9th, Zacks reports. Stockholders of record on Monday, February 19th will be paid a dividend of 0.171 per share on Thursday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 46.85%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from Whiting USA Trust II’s previous quarterly dividend of $0.01.

Shares of Whiting USA Trust II (OTCMKTS:WHZT) opened at $1.46 on Wednesday. The stock has a market cap of $26.86, a PE ratio of 3.95 and a beta of 1.84. Whiting USA Trust II has a 1 year low of $0.92 and a 1 year high of $1.50.

Separately, ValuEngine cut shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.

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Whiting USA Trust II Company Profile

Whiting USA Trust II (the Trust) is a statutory trust. Whiting Oil and Gas Corporation (Whiting Oil and Gas) is the Trustor, The Bank of New York Mellon Trust Company, N.A. is the Trustee and Wilmington Trust, National Association is the Delaware Trustee of the Trust. The Trust was created to acquire and hold a term net profits interest (NPI) for the benefit of the Trust unitholders pursuant to a conveyance from Whiting Oil and Gas to the Trust.

Dividend History for Whiting USA Trust II (OTCMKTS:WHZT)

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