LINE and LNCO Declare Monthly Distribution and Dividend
HOUSTON, July 1, 2013 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today distributions and dividends, respectively, for the month of April 2013.
LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable July 15, 2013, to unitholders of record as of the close of business on July 10, 2013.
LinnCo, LLC declared a monthly cash dividend of $0.2416 per common share, or $2.90 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable July 16, 2013, to shareholders of record as of the close of business on July 10, 201
good news monthly divi now on track and enjoy
See J Cramer link below---he sold LNCO form charitable trust:
Linn Energy (LINE): "I like the company, but they are being examined by the SEC on accounting irregularities. That equals a sell. The stock is cheap, but I had to sell it for my charitable trust because of the discipline that you can't have even an examination of accounting irregularities. Sell."
Hi big guy
LNCO is down 4 smackers also shorts galore---news about SEC investigation:
"The SEC has stated that the fact of the inquiry should not be construed as an indication that the SEC or its staff has a negative view of any entity, individual or security," the company said in a statement. "Although the impact of the inquiry on the timing of LinnCo's proposed merger with Berry Petroleum Company is difficult to predict, LinnCo and LINN remain committed to the completion of the transaction."
Also FCX paid me a fat dividend today ---Nice\\-Thanks to all who make this one great message board