Want $500 in Annual Dividend Income? Here's How Much You'd Have to Invest in Energy Transfer Stock.
ETEnergy Transfer(ET) fool.com·2024-05-27 20:31

This MLP can supply investors with lots of income. Energy Transfer (ET 0.20%) is a prodigious income producer. The master limited partnership (MLP) currently makes quarterly distribution payments to its investors of 0.3175perunit(0.3175 per unit (1.27 annualized). That puts its yield up over 8% at the MLP's recent unit price, much higher than the S&P 500's roughly 1.3% dividend yield. Energy Transfer's higher yield enables investors to generate more income for every dollar they invest. Here's a look at how much you nee ...