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Linn Energy, LLC (LINE) Message Board

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  • hirsct hirsct May 1, 2008 3:17 PM Flag

    LINE announces distribution of $0.63 - no change

    It's the first day of trading when divy has been subtracted from stock price.
    Let's say LINE closes at 21.65 today. Then tomorrow's opening price UNCHANGED due to market fluctuations will be 21.02
    If the stock goes to 21.10, it will be UP .08 for the day, despite the fact that most quote platforms will erroniously report down .55
    If you buy 1,000 today @ 21.65 and sell tomorrow @ 21.10 you will be plus $80 less commish. You will have "captured" the divy and the associated tax advantages.. but that's a whole nother discussion

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LINE
10.665-0.335(-3.05%)3:32 PMEDT