This 7.9%-Yielding Dividend Stock Continues to Pump More Income Into its Investors' Pockets
ETEnergy Transfer(ET) The Motley Fool·2024-04-28 18:47

Energy Transfer continues to steadily increase its monster distribution. Energy Transfer (ET 0.12%) has become a premium passive income producer in recent years. The master limited partnership (MLP) pays a significantly above-average cash distribution that currently yields 7.9%, compared with the 1.4% dividend yield of the S&P 500. Meanwhile, it has been steadily pushing that payout higher each quarter. The MLP recently declared its latest distribution increase, pushing its payout 3.3% above the year-ago le ...