Linn Energy LLC (NASD: LINE) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among energy companies, LINE shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent LINE share price of $34.50 represents a price-to-book ratio of 1.8 and an annual dividend yield of 8.41% — by comparison, the average energy stock in Dividend Channel’s coverage universe yields 4.6% and trades at a price-to-book ratio of 2.8. The report also cited the strong quarterly dividend history at Linn Energy LLC, and favorable long-term multi-year growth rates in key fundamental data points.
Shares are down this cheap because a hedge fund is shorting shares and claiming that the accounting is questionable. There were enough shareholders that didn't understand to be scared out. That ends. The dividend continues, it is increasing, it will go to a monthly in july and the hedge fund will have to pay through the nose to hold a short position that has no chance of success.
If you want yield, but don't want to risk price decline BUY LOW BUY LINE!