LinnCo (LNCO) Lowers Monthly Dividend 56.9% to $0.1042; 12.1% Yield

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/13/2026

1. CSCO
2. COHR
3. CBRS
4. WYFI
5. EAT
6. SPY
7. GO
8. STUB
9. NVDA
10. ANDG

Go back to LinnCo (LNCO) Lowers Monthly Dividend 56.9% to $0.1042; 12.1% Yield

LINN Energy (LINE), LinnCo (LNCO) PTs Cut to $12 at Credit Susise; M&A Optionality Keeps Them from Downgrading

January 5, 2015 10:11 AM EST

Credit Suisse cut its price target on both Neutral-rated LINN Energy (NASDAQ: LINE) and LinnCo (NASDAQ: LNCO)
to $12 (from $23, and $22 respectively) following the distribution cut from $2.90/unit to $1.25/unit.

The firm expects further oil/commodity... More

LINN Energy (LINE), LinnCo (LNCO) Distribution Cut Seen as Neutral for Stocks

January 2, 2015 10:17 AM EST

LINN Energy (NASDAQ: LINE) and LinnCo (NASDAQ: LNCO) shares were volatile Friday after it announced a 57% distribution cut. It also reduced capex and reported an alliance with GSO Capital Partners. In the view of Wells Fargo... More

LINN Energy (LINE) to Trim Annual Distribution by 57%; Enters Alliance with GSO Capital; Updates on Hedging

January 2, 2015 6:51 AM EST

(Updated - January 2, 2015 7:49 AM EST)

LINN Energy (NASDAQ: LINE) and LinnCo, LLC (Nasdaq: LNCO) announced that LINN's Board of Directors has approved a 2015 budget which includes a 53% reduction in oil and natural gas capital expenditures to $730 million, from approximately $1.55 billion in 2014, and a reduction of the LINN distribution and LinnCo dividend to $1.25 per unit or share, from the previous level of $2.90 per unit or share, on an annualized basis. LINN expects to fund its total 2015 oil and natural gas capital program, along with the distribution, from internally generated... More