LNCO Announced that it's Dividend payments will be made monthly and not quarterly. Also, the monthly payments will increase from $.2416 (annualized = $2.90) to $.2566 (annualized = $3.08). The increase in payments will begin following the closing of the Berry merger.
HOUSTON, April 25, 2013 (GLOBE NEWSWIRE) -- LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced today that both Boards of Directors have approved a change in their distribution and dividend policies from payment quarterly to payment monthly beginning in the second quarter of 2013. The payments of monthly distributions and dividends are expected to commence in July 2013.