The ex-dividend date for Linn Energy (Nasdaq:LINE) is Monday, May 6, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $38.60 as of 9:30 a.m., the dividend yield is 7.6%.
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 Monday, May 6, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $38.60 as of 9:30 a.m. ET, the dividend yield is 7.6%. The average volume for Linn Energy has been 1.8 million shares per day over the past 30 days. Linn Energy has a market cap of $9.01 billion and is part of the basic materials sector and energy industry. Shares are up 8.8% year to date as of the close of trading on Thursday. Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties.
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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 revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Linn Energy Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.