Barron's Says Linn Energy (LINE) 21% Yielding Dividend Is Safe

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

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