LinnCo LLC Declares Monthly Dividend of $0.24 (LNCO)
LinnCo LLC (NASDAQ:LNCO) declared a monthly dividend on Friday, January 3rd, Analyst Ratings Network.com reports. Investors of record on Monday, January 13th will be given a dividend of 0.2416 per share on Friday, January 17th. This represents a $2.90 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend is Thursday, January 9th.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of LinnCo LLC from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $37.00 price target on the stock. Finally, analysts at Zacks downgraded shares of LinnCo LLC from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $36.60 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.11.
LinnCo LLC (NASDAQ:LNCO) traded up 0.03% on Friday, hitting $30.72. 2,355,390 shares of the company’s stock traded hands. LinnCo LLC has a 52 week low of $23.03 and a 52 week high of $44.20. The stock’s 50-day moving average is $30.47 and its 200-day moving average is $30.30. The company has a market cap of $1.069 billion and a P/E ratio of 23.23.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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