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On 5/4/11, Linn Energy LLC (NASDAQ:LINE) will trade ex-dividend, for its quarterly dividend of $0.66, payable on 5/13/11. As a percentage of LINE's recent stock price of $39.85, this dividend works out to approximately 1.66%.
Below is a dividend history chart for LINE, showing historical dividends prior to the most recent $0.66 declared by Linn Energy LLC:
LINE Dividend History
Date
Div*
02/03/11
0.660
11/02/10
0.660
08/04/10
0.630
05/05/10
0.630
02/03/10
0.630
11/04/09
0.630
08/05/09
0.630
05/04/09
0.630
02/04/09
0.630
11/05/08
0.630
08/05/08
0.630
05/02/08
0.630
02/06/08
0.630
10/31/07
0.570
07/31/07
0.570
05/01/07
0.520
01/25/07
0.520
10/18/06
0.430
08/02/06
0.400
05/03/06
0.320
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
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 6.62% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, LINE makes up 1.36% of the Guggenheim Multi-Asset Income ETF (AMEX:CVY) which is trading lower by about 0.1% on the day Tuesday.
LINE operates in the Oil & Gas Exploration & Production sector, among companies like Precision Drilling Corp. (NYSE:PDS) which is off about 1.2% today, and Exco Resources Inc. (NYSE:XCO) trading lower by about 0.1%. Below is a three month price history chart comparing the stock performance of LINE, versus PDS and XCO.
In Tuesday trading, Linn Energy LLC shares are currently off about 0.3% on the day.
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