Energy Transfer (ET) announced that its board of directors has approved a 0.8% increase in its quarterly cash distribution rate. The new distribution rate will be 31.5 cents per unit compared with the previous quarter’s 31.25 cents, payable on Feb 20, 2024, to unitholders of record as of Feb 7, 2024.This increase resulted in an annualized distribution of $1.26 per unit compared with the previous level of $1.25.Can Energy Transfer Sustain Distribution Hikes?Energy Transfer owns and operates a diversified por ...