I read recently somewhere that LINN & LNCO management was considering monthly dividends instead of quarterly dividends. This would be a nice development for me as it would be more frequent payments, though lesser amount.
Any update on this ?
My guess is that after the Berry merger is complete, they will implement the monthly dividend plan for the third quarter.
Management mentioned it in their Q4 release and on the call, here's what they said:
"Management is evaluating a change in the company's distribution policy to increase the frequency of its cash distributions from quarterly to monthly."
So yes they mentioned it, and no there have been no updates since then. I suspect in another couple quarters and most likely by the end of the year monthly distributions will be a reality.