Energy Transfer Has Lots of Fuel to Continue Growing Its 7.3%-Yielding Dividend
Energy Transfer (NYSE: ET) pays a prodigious cash distribution to its investors. The master limited partnership's (MLP) payout is currently around 7.3%. That's several times higher than the S&P 500's dividend yield. The midstream giant expects to continue increasing its monster payout in the future, targeting 3% to 5% annual growth. Given all the growth it has coming down the pipeline, it should have no trouble achieving that goal. Image source: Getty Images.Continue reading
Energy Transfer (NYSE: ET) pays a prodigious cash distribution to its investors. The master limited partnership's (MLP) payout is currently around 7.3%. That's several times higher than the S&P 500's dividend yield.
The midstream giant expects to continue increasing its monster payout in the future, targeting 3% to 5% annual growth. Given all the growth it has coming down the pipeline, it should have no trouble achieving that goal.
Image source: Getty Images.
