Oil And Natural Gas Developer Linn Energy Suspends Distribution

By MarketWatch Pulse

Linn Energy LLC said late Tuesday its board approved a proposal to suspend Linn's distribution and dividend at its affiliate LinnCo as of Sept. 30. "Linn's board of directors will evaluate the company's ability to reinstate the distribution and dividend on an ongoing basis," said the company in a statement. Shares of Linn were unchanged in after-hours trade while LinnCo shares fell 1.3%.

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