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This 7.5%-Yielding Dividend Stock Is a Super Investment for Making Passive Income
Energy Transfer's (NYSE: ET) business prints cash. The midstream giant's diversified portfolio of pipelines, processing plants, storage terminals, and export facilities acts as a toll booth for the country's energy superhighway. It is paid fees as oil, natural gas, and other energy commodities flow through its midstream network. The master limited partnership (MLP) generated a whopping $8.4 billion in cash last year, $4.4 billion of which it distributed to investors. The company has been steadily increasing the amount of cash it sends to investors, enhancing its already lucrative 7.5%-yielding distribution. That large and growing income stream makes Energy Transfer a super investment for those seeking to collect passive income.Energy Transfer recently declared its latest quarterly distribution payment. It set the rate at $0.3275 per unit ($1.31 annualized). That's a slight pay bump from last quarter ($0.325 or $1.30 annualized). It also represents a pay raise of more than 3% from the year-ago payment level.Continue reading
Energy Transfer's (NYSE: ET) business prints cash. The midstream giant's diversified portfolio of pipelines, processing plants, storage terminals, and export facilities acts as a toll booth for the country's energy superhighway. It is paid fees as oil, natural gas, and other energy commodities flow through its midstream network.
The master limited partnership (MLP) generated a whopping $8.4 billion in cash last year, $4.4 billion of which it distributed to investors. The company has been steadily increasing the amount of cash it sends to investors, enhancing its already lucrative 7.5%-yielding distribution. That large and growing income stream makes Energy Transfer a super investment for those seeking to collect passive income.
Energy Transfer recently declared its latest quarterly distribution payment. It set the rate at $0.3275 per unit ($1.31 annualized). That's a slight pay bump from last quarter ($0.325 or $1.30 annualized). It also represents a pay raise of more than 3% from the year-ago payment level.
