This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

8 High-Dividend Stocks With Upside

4. Linn Energy (LINE - Get Report) is an independent oil and natural gas company operating in five regions of the U.S. - Mid-Continent Deep, Mid-Continent Shallow, Permian Basin, Michigan and California.

Linn paid a quarterly cash dividend of 69 cents per share ($2.76 annualized) for the second quarter 2011, increasing 5% from 66 cents per share in the first quarter of 2011, and a 10% increase from the year-ago quarter. The company's chief executive said that the 5% increase reflects Linn's acquisition success, significant organic growth, and positive outlook for the future. With a current dividend yield of 6.7%, the company has a record of consistently paying 22 quarterly distributions that increased by almost 73% since the company's initial public offering. The five-year net growth rate for dividend per share stands at 30%.

For the second quarter of 2011, the company reported net income of $237.11 million, or $1.34 per share, compared to $59.79 million, or 41 cents per share, in the year-ago quarter. For the quarter, adjusted EBITDA increased 50.7% to $263.3 million from $174.9 million in the same quarter 2010. During the quarter, average daily production increased 40% to 358 MMcfe/d from the same period prior year.

The company estimates 2011 average coverage guidance of approximately 1.25 times, including the 5% distribution increase. With its organic growth program on track, Linn Energy expects to generate 30% growth year-over-year.

Of the 13 analysts covering the stock, 92% recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg foresee the stock gaining an average 25.3% to $45.00 in the upcoming 12 months.
6 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CIM $13.93 -0.29%
CTL $26.98 4.20%
HCP $36.57 -0.16%
KMP $102.03 1.98%
LINE $3.50 2.00%

Markets

Chart of I:DJI
DOW 16,201.49 +143.14 0.89%
S&P 500 1,925.67 +11.82 0.62%
NASDAQ 4,675.7550 +39.65 0.86%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs