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Linn Energy, LLC (LINE) Message Board

  • rlp2451 rlp2451 Apr 23, 2013 5:32 PM Flag

    LINE/LNCO Announce Distribution/Dividends

    HOUSTON, April 23, 2013 (GLOBE NEWSWIRE) -- LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced today distributions and dividends, respectively, for the first fiscal quarter of 2013.

    LINN Energy, LLC declared a cash distribution of $0.725 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable May 15, 2013, to unitholders of record as of the close of business on May 8, 2013.

    LinnCo, LLC ("LinnCo") declared a cash dividend of $0.725 per common share, or $2.90 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable May 16, 2013, to shareholders of record as of the close of business on May 8, 2013. In prior quarters, LinnCo's dividend included a reduction of $0.015 per share as a reserve for taxes, which LinnCo now estimates to be zero for 2013. Therefore, LinnCo's dividend for the first quarter of 2013 is approximately two percent higher than the dividend for the fourth quarter of 2012.

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10.14+0.69(+7.30%)Jan 26 4:00 PMEST

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