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LINN Energy and LinnCo Declare Fresh Dividends

By Eric Volkman - Apr 23, 2013 at 9:35PM

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Both declare the same amount to be dispensed to share- and unitholders.

Affiliated companies LINN Energy (LINEQ) 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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