Here's How Many Shares of Energy Transfer You Should Own to Get $5,000 in Yearly Dividends
This 7.5%-yielding dividend stock is also increasing its dividend every year.
The oil and gas industry offers some big dividend yields, and some companies are also increasing their dividends annually. Energy Transfer (NYSE: ET) is one such dividend stock. The midstream energy company operates an extensive network of pipelines and earns nearly 90% of its earnings from long-term, fee-based contracts, which reduces its sensitivity to commodity prices.
As a master limited partnership (MLP), Energy Transfer also distributes a major portion of its free cash flow as dividends. Combined, the two factors mean regular and growing dividends for shareholders.
Energy Transfer stock offers a juicy dividend yield of 7.5% right now, and you could earn $5,000 in yearly dividends from the stock. Here's how.
