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.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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


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.


If you liked this article you might like

The 10 Most Interesting, Troubling and Adorable Things Found in Snapchat's IPO Filing

Alibaba Plans to Win Over Southeast Asia Through More Than Just Acquisitions

Alibaba Targets Thailand With Latest International Expansion Push

Vanguard Natural Resources' Credit Review Breathes New Life Into The MLP

Vanguard Natural Resources' Credit Review Breathes New Life Into The MLP

Oil Companies Can Be Good, Bad or Ugly -- Even as Oil Recovers