Energy Transfer and Its Nearly 8%-Yielding Dividend Are Stronger Than They Have Ever Been
Energy Transfer(ET) fool.com·2024-05-25 16:15
Energy Transfer has come a long way over the past few years.Energy Transfer (ET 0.20%) has had its ups and downs over the years. Like many companies, it found itself in a tight spot when the pandemic hit in 2020. That event forced the master limited partnership (MLP) to slash its distribution in half so that it could retain additional cash to strengthen its balance sheet. While that payout cut was a bitter pill for investors to swallow at the time, it has paid big dividends over the past few years. The MLP ...