Linn Energy Stock To Go Ex-dividend Tomorrow (LINE)
The ex-dividend date for Linn Energy (Nasdaq:LINE) is tomorrow, February 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $39.15 as of 9:30 a.m., the dividend yield is 7.5%.
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, February 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $39.15 as of 9:30 a.m. ET, the dividend yield is 7.5%. The average volume for Linn Energy has been 1.5 million shares per day over the past 30 days. Linn Energy has a market cap of $9.12 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 Friday. 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.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Linn Energy as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Linn Energy Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.