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Linn Energy, LLC (LINE) Message Board

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  • rrb1981 rrb1981 May 14, 2010 4:31 PM Flag

    Anybody else not have their dividend credited?????

    I'm sorry, but this statement makes no sense"

    "I just called the Investor Relations number on their website and was told that today Friday they just received the dividend from LINE and since its Friday the checks will not be mailed (mailed !!!) to the brokerage firm that holds my stock until Monday."

    Just who did you call, Linn, or you brokerage. If you called Linn, the statement about just receiving the dividend makes no sense, if you called the brokerage, it also doesn't make sense. I hold many MLPs in different brokerage accounts and the distributions have shown up as much as 4 or 5 days apart from one brokerage to another. Guess what, it wasn't the MLP's fault because multiple dividends and distributions show up late at one of the brokerages, no matter what stock...finally I realized that, that specific brokerage is simply holding onto my money for 2 or 3 days, collecting interest. It might not seem like much, but this is exactly what companies like ADP and Paychex do. Imagine how many billions of dollars they receive quarterly in the form of dividends and distributions that they can hold for 2 or 3 days and collect interest on during that time period.

    Trust me when I say that this is almost certainly not Linn's fault, and you statement about selling around ex-dividend day may mean your brokerage did not get you on record in time and thus you won't receive the distribution. Again, this is not Linn's fault, it is your's and the brokerage companies fault.

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    • Sorry,
      "I just called the Investor Relations number on their website and was told that today Friday they just received the dividend from LINE and since its Friday the checks will not be mailed (mailed !!!) to the brokerage firm that holds my stock until Monday."

      Should read
      "I just called the TRANSFER AGENT number on their website and was told that today Friday they just received the dividend from LINE and since its Friday the checks will not be mailed (mailed !!!) to the brokerage firm that holds my stock until Monday."

      I was so P.O.ed I made a mistake. But the "Investor Relations" person never returned my call either...

    • MLP tend to do this

 
LINE
31.18-0.06(-0.19%)Sep 19 4:00 PMEDT

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