LINN Energy and LinnCo Declare Fresh Dividends

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Affiliated companies LINN Energy (NASDAQOTH: LINEQ  ) and LinnCo (UNKNOWN: LNCO.DL  ) 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.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • 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.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2381943, ~/Articles/ArticleHandler.aspx, 9/30/2016 1:12:33 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,325.14 181.69 1.00%
S&P 500 2,169.76 18.63 0.87%
NASD 5,316.19 47.04 0.89%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 12:52 PM
LINEQ $0.05 Down -0.01 -12.41%
Linn Energy, LLC CAPS Rating: **
LNCO.DL $0.05 Down +0.00 -3.88%
Linn Co, LLC CAPS Rating: ***