Linn Energy Stock To Go Ex-dividend Tomorrow (LINE)

NEW YORK ( TheStreet) -- The ex-dividend date for Linn Energy (Nasdaq: LINE) is tomorrow, January 9, 2014. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $32.32 as of 9:50 a.m. ET, the dividend yield is 9.1%.

The average volume for Linn Energy has been 2.3 million shares per day over the past 30 days. Linn Energy has a market cap of $7.49 billion and is part of the basic materials sector and energy industry. Shares are up 4.8% year to date as of the close of trading on Tuesday.

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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Linn Energy Ratings Report.

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