- ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!
NEW YORK ( TheStreet) -- The ex-dividend date for Linn Energy (Nasdaq: LINE) is tomorrow, August 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 72.5 cents per share. At a price of $39.89 as of 9:30 a.m. ET, the dividend yield is 7.3%. The average volume for Linn Energy has been 950,000 shares per day over the past 30 days. Linn Energy has a market cap of $7.9 billion and is part of the basic materials sector and energy industry. Shares are up 4.5% year to date as of the close of trading on Wednesday. Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and gas properties. The company's properties are primarily located in the Mid-Continent, the Permian Basin, Michigan, California, and the Williston Basin in the United States. The company has a P/E ratio of 8.1, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.