Linn Energy Stock To Go Ex-dividend Tomorrow (LINE)
NEW YORK (
) -- The ex-dividend date for
(Nasdaq:
) is tomorrow, February 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $37.40 as of 9:30 a.m. ET, the dividend yield is 7.4%.
The average volume for Linn Energy has been 1.2 million shares per day over the past 30 days. Linn Energy has a market cap of $6.52 billion and is part of the
sector and
industry. Shares are down 1.5% year to date as of the close of trading on Wednesday.
Linn Energy, LLC, an independent oil and natural gas company, engages in the development and acquisition of oil and gas properties in the United States. The company has a P/E ratio of 19.5, below the average energy industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Linn Energy as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
.
See our
or
.
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