Linn Energy Stock To Go Ex-dividend Tomorrow (LINE)
The ex-dividend date for Linn Energy (Nasdaq:LINE) is tomorrow, November 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $42.24 as of 9:30 a.m., the dividend yield is 6.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Linn Energy (Nasdaq: LINE) is tomorrow, November 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $42.24 as of 9:30 a.m. ET, the dividend yield is 6.9%. The average volume for Linn Energy has been 822,700 shares per day over the past 30 days. Linn Energy has a market cap of $8.35 billion and is part of the basic materials sector and energy industry. Shares are up 10.4% 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.
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TheStreet Ratings rates Linn Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Linn Energy Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.