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Linn Energy, LLC (LINE) Message Board

hungrydoggy 6 posts  |  Last Activity: Apr 15, 2014 7:04 AM Member since: May 23, 2008
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  • Reply to

    Dividend Payout

    by bearnobull Apr 14, 2014 11:08 PM
    hungrydoggy hungrydoggy Apr 15, 2014 7:04 AM Flag

    It's a monthly payment. It is not quarterly. Line's distribution will be paid Wednesday, April 16th. Lnco's dividend will be paid Thursday, April 17th. The monthly payment for both will be 0.2416 per share.

  • Reply to

    WOULDN'T IT BE GREAT!

    by choo2choo Mar 21, 2014 3:28 PM
    hungrydoggy hungrydoggy Mar 22, 2014 7:06 AM Flag

    Time is what will make it happen. Just be patient.

    Over the last six months some very large banks and hedge funds (and some crooked journalists) have been playing with the stock. (Over the last six months I've received three separate offers through my broker to lend my shares for shorting.) And in all likelihood some of the former Berry Petroleum owners may be selling off some of their shares. But you are being paid 10% to wait. Ten percent is probably more than the S&P 500 index will return this year. Just be patient. Collect your 10% and treat the current period as a buying opportunity. That's what I'm doing.

    I think we are pretty much all aware that the shares are worth about $40 and that the distributions will probably start going up next year. In time the market will reflect that. It could be six months from now, it could be a year from now, but the share price is going to go up. Sometimes with stock it is just a matter of waiting.

    Sentiment: Strong Buy

  • Reply to

    LINE vs LNCO

    by daicheng0722 Mar 13, 2014 12:06 PM
    hungrydoggy hungrydoggy Mar 13, 2014 2:02 PM Flag

    Daicheng, you are right. LINE is a partnership. LNCO is "normal" corporation that is managed by LINE and whose only operation is to own shares in LINE.

    LNCO receives the distributions from LINE for the LINE stock that it owns, it pays the taxes (if any) for those distributions, and it then re-distributes those distributions as dividends to its share holers. If you own LINE you get a form K-1 for figuring your income taxes. If you own LNCO you get a regular IRS form 1090 (just like any other "normal" stock) to report your dividends.

    At the moment both LINE and LNCO pay the same amount in distributions and dividends. But the share prices trade independently. That is the market determines the share price. At this moment LNCO trades cheaper than LINE. Previously LINE traded cheaper than LNCO. It could change again in the future.

    I hope that helps. Good luck in this crazy market.

  • Reply to

    ANYONE KNOW WHEN K-1

    by blackoilpeaking Feb 28, 2014 2:22 PM
    hungrydoggy hungrydoggy Feb 28, 2014 4:40 PM Flag

    On or about March 14th. If you go to LINE's web site you can sign up for them to send you an e-mail when the K-1 is ready.

    Sentiment: Strong Buy

  • Reply to

    Question RE: Other High Div Stock

    by hillsdale89 Feb 22, 2014 8:15 PM
    hungrydoggy hungrydoggy Feb 23, 2014 4:21 PM Flag

    Hi Hillsdale. It is tough to find good yields today. I wish I could find some more myself. I hope I am wrong, but I have a strong suspicion that the economy is going to be stagnant for the next few years and that dividend yield is more important now than it used to be.

    I agree with the suggestion about PSEC. It is a risky investment. It looks to me like they are invested in a lot of junk. But on the other hand they pay a monthly dividend of 0.11 and the share price is 11.34, which works out to a yield of 11.6%. I've owned some for about half a year now, and my experience has been that the share price seems to fluctuate mostly between about 10.9 and 11.5. Be careful with this one and if you buy it keep an eye on it.

    Some of the closed end preferred stock and bond funds have a nice yield and pay a monthly dividend. For example NCZ pays .085 a month with a share price of 9.62, which is a 10.6% yield; PFN pays .08 a month with a share price of 10.49 for a yield of 9.15%; and JPS pays .055 a month with a share price of 8.53 for a yield of 7.7%. These are all leveraged funds. I've owned closed end funds like these for the last 30 years, switching between funds depending on fluctuating prices and dividend yields. My experience with these funds is that you buy them and then pretty much ignore them. The dividends don't change very often.

    Good luck. It isn't a good market for investors looking for yield and of course safe investments like US Treasuries or bank CDs pay nothing.

  • Reply to

    taxes , K1

    by moejoec100 Feb 14, 2014 9:20 PM
    hungrydoggy hungrydoggy Feb 16, 2014 9:40 AM Flag

    It comes from the company. You can sign up at the company's website for them to send you an e-mail when the K-1 is ready. When you get the e-mail you can download your K-1 directly from the company's website if you want to or you can wait to get a hard copy from the company in the mail.

    I like this company. But doing income taxes with k-1's is a real pain. Last year using Turbo Tax Deluxe took me about two hours to do three master limited partnerships. If like me you do your own taxes, be prepared for an unpleasant experience. The directions on the K-1 are not clear and the IRS publications are useless.

    Sentiment: Strong Buy

LINE
28.53+0.18(+0.63%)Apr 16 4:00 PMEDT

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