Energy Transfer Continues to Show Why It's a No-Brainer Buy for Passive Income
Energy Transfer (NYSE: ET) owns one of the largest and most diversified portfolios of energy midstream infrastructure in the country. This platform produces very stable and growing cash flows for the master limited partnership (MLP). That enables it to pay investors a lucrative and growing cash distribution (8% current yield). That high-yielding payout is on a rock-solid foundation, which was clear in the MLP's recent first-quarter earnings report. That report also showed the company has ample fuel to continue growing its payout. These factors continue to make Energy Transfer a no-brainer buy for those seeking passive income and who are comfortable investing in MLPs, which send a Schedule K-1 Federal Tax Form each year, taking some extra work at tax time.Image source: Getty Images.Continue reading
Energy Transfer (NYSE: ET) owns one of the largest and most diversified portfolios of energy midstream infrastructure in the country. This platform produces very stable and growing cash flows for the master limited partnership (MLP). That enables it to pay investors a lucrative and growing cash distribution (8% current yield).
That high-yielding payout is on a rock-solid foundation, which was clear in the MLP's recent first-quarter earnings report. That report also showed the company has ample fuel to continue growing its payout. These factors continue to make Energy Transfer a no-brainer buy for those seeking passive income and who are comfortable investing in MLPs, which send a Schedule K-1 Federal Tax Form each year, taking some extra work at tax time.
Image source: Getty Images.
