Energy Transfer Has Lots of Fuel to Grow its 7%-Yielding Dividend in 2025 and Beyond
Energy Transfer(ET) The Motley Fool·2024-11-21 17:09
Energy Transfer (ET 1.78%) currently pays a monster distribution. The master limited partnership's (MLP) payout yields more than 7%. That's several times higher than the S&P 500. Its 1.2% dividend yield is currently near a 20-year low. The MLP's big-time payout should continue growing in the future. It already has a tremendous amount of fuel in the tank and will likely add more fuel for its growth engine in the coming quarters.Filling up the tankEnergy Transfer has revved up its growth engine over the past ...