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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.

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