je.st
news
Linn Energy Slashes Dividend, Capital Spending
2015-01-03 04:54:48| Energy - Topix.net
Linn Energy LLC said Friday that it will cut its payouts to shareholders by more than half as the oil and natural-gas producer slashes capital spending to weather lower oil prices. The move marks the first time Linn has cut its dividend-like payments since going public in 2006, and comes after its stock fell 69% over the last six months of 2014.
Tags: capital
energy
spending
dividend
Category:Energy and Environment
Latest from this category |
All news |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||