Key takeaways
- Don't let a past dividend cut scare you away from this 7%-yielding pipeline stock.
- Energy Transfer (ET), one of the largest pipeline-focused master limited partnerships (MLPs), recently announced its 20th consecutive increase in its quarterly cash distribution.
- Raising its quarterly distribution by more than 3%, the company now pays $0.3425 per unit quarterly, or $1.37 per unit annually.
For the 20th quarter in a row, Energy Transfer has increased its quarterly distribution. With this increase, the pipeline MLP now sports around a 7% forward yield.
See the latest quote, chart and news for ET.
