Reminder - Linn Energy (LINE) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 12/10/13, Linn Energy LLC ( LINE) will trade ex-dividend, for its monthly dividend of $0.2416, payable on 12/17/13. As a percentage of LINE's recent stock price of $30.97, this dividend works out to approximately 0.78%, so look for shares of Linn Energy LLC to trade 0.78% lower — all else being equal — when LINE shares open for trading on 12/10/13.

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Below is a dividend history chart for LINE, showing historical dividends prior to the most recent $0.2416 declared by Linn Energy LLC:

LINE+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LINE is likely to continue, and whether the current estimated yield of 9.36% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LINE shares, versus its 200 day moving average:

Linn Energy LLC 200 Day Moving Average Chart

Looking at the chart above, LINE's low point in its 52 week range is $20.35 per share, with $39.50 as the 52 week high point — that compares with a last trade of $30.95.

According to the ETF Finder at ETF Channel, LINE makes up 1.61% of the Unconventional Oil & Gas ETF ( FRAK) which is trading up by about 1.2% on the day Friday.

In Friday trading, Linn Energy LLC shares are currently up about 1.1% on the day.

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