Barron's Says Linn Energy (LINE) 21% Yielding Dividend Is Safe
More News related to LINE
- Linn Energy (LINE) Posts adj.-EPS of $0.38, Misses Views by 3c
- LINN Energy Announces Results for Third Quarter 2009
- Trading Radar for 11/04: Cisco (CSCO), Comcast (CMCSA), Tyco (TEL), Molson Coors (TAP) Report
- LINN Energy Announces Third Quarter 2009 Earnings Conference Call
- LINN Energy Announces Cash Distribution
More News related to Insiders' Blog
- Moody's Suggests AIG (AIG) Could Repay the U.S.
- Buffett's Berkshire To Sell 9.6M Share Stake in Union Pacific (UNP) and 1.9M Share Stake In Norfolk Southern (NSC)
- Einhorn's Greenlight Erases Last Year's Loss: Flagship Fund Up 30% YTD
- East West Bancorp (EWBC) Shares Rocket Higher Amid Acqusition of UCB
- Verizon Claims Strong Sales of Motorola's New 'Droid', But Won't Give Specific Numbers (VZ, MOT)
Barron's highlighted Linn Energy (Nasdaq: LINE) this weekend, noting the recent collapse in the stock despite its huge dividend payout.
The article said fears of a dividend cut may be amiss as the company is an astute and disciplined hedger and was able to lock in favorable prices during this summer's energy-price bubble for its products going out three to four years.
In addition, one analyst recently noted that the company's distribution level is "relatively secure" for at least the next two years or more, even if Linn makes no new acquisitions in the period. Frozen capital markets have hurt Linn's growth-through-acquisition policy.
Based on the company's $0.63 per share quarterly payout, the dividend yield on Linn is 21%.
Link to Barron's Article
Related Categories
DividendsInsiders' Blog
Stocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
