Linn Energy is a publicly traded oil and gas exploration and production company that has been in business since 2003. The company is headquartered in Houston, Texas, and has operations in the United States, Canada, and the UK. Linn Energy is known for its distribution of high-yield dividends, and many investors consider it a great place to invest for income. In this article, we'll take a look at Linn Energy's dividend history and provide an overview of what investors can expect from the company in terms of dividend payments.
Linn Energy's Dividend History
Linn Energy has been paying quarterly dividends since 2004, and its payout has been consistently increasing every year since then. The company has paid out a total of $8.54 per share since 2004, and its current dividend rate is $0.27 per quarter. Linn Energy's dividend yield, which is the annual dividend payment divided by the current stock price, currently stands at 6.3%.
Linn Energy has a history of increasing its dividend payments each year, and this has made it especially attractive to income investors. The company has also managed to maintain its dividend payments through difficult times, making it a relatively stable source of income for investors. In addition, Linn Energy has a low payout ratio, which is the amount of earnings paid out as dividends, so investors can expect the company to continue to pay out dividends in the future.
Linn Energy's Future Outlook
Linn Energy's performance has been mixed over the past few years, with the company struggling to maintain its dividend payments. This has been largely due to the low price of oil, which has impacted the company's bottom line. However, Linn Energy has recently announced plans to increase its dividend payments, so investors can expect the company to return to its previous levels of dividend payments in the near future.
In addition to its dividend payments, Linn Energy has also been investing in new projects to increase its production and reserves. This should help the company generate more cash flow, which could be used to further increase its dividend payments in the future. Overall, investors should be optimistic about Linn Energy's future prospects.
Conclusion
Linn Energy has a long and successful history of paying out dividends to its shareholders. The company has consistently increased its dividend payments each year since 2004, and its dividend yield is currently fairly high at 6.3%. In addition, Linn Energy has plans to increase its dividend payments in the near future, so investors should feel confident that their dividend income will remain steady.
That being said, investing in any company carries some risk, and investors should research Linn Energy carefully before investing. It's also important to note that dividend payments can change at any time, so investors should always be aware of the company's current dividend policy before committing any money.