LINN Energy and LinnCo Declare Fresh Dividends

Affiliated companies LINN Energy (NASDAQ: LINE  ) and LinnCo (NASDAQ: LNCO  ) are continuing to return money to their share- and unitholders. Both companies have declared dividends for their respective Q1s, and they match -- each will pay $0.725 per share or unit.

LINN Energy's disbursement will be made on May 15 to unitholders of record as of May 8. As for LinnCo, the distribution will be effected May 16 for shareholders of record as of May 8.

The payout for LINN company is identical to its most recent distribution, which was handed over in February. For LinnCo, it's an increase of a little more than 2% from the preceding $0.71, also paid in February.

Both dividends annualize to $2.90 per share. For LINN Energy, this yields 7.4% at the firm's current stock price of $38.95. For LinnCo, those numbers are 6.9% and $41.87, respectively.


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  • Report this Comment On April 25, 2013, at 11:21 AM, mr091468 wrote:

    This is good news for those who rely on monthly income in retirement! IMO, LNCO/LINE are a much better choice for reliable monthly income than VNR which we've been watching for months. Wish more of the MLP's would go to a monthly payout.

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