Energy Transfer Is Delivering High-Octane Growth to Complement Its High-Yielding Dividend
Energy Transfer (NYSE: ET) is better known for its hefty cash distributions. The master limited partnership's (MLP) payout currently yields around 8%. That's several times higher than the S 500's 1.5% dividend yield.
That high-yielding dividend is only part of the appeal. The MLP is also growing at a brisk pace this year. Because of that, it could have the fuel to produce high-octane total returns.
Energy Transfer recently reported robust second-quarter results. The midstream company generated nearly $3.8 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the period, a 20% surge, compared to the prior year. Meanwhile, its distributable cash flow rocketed 32% to over $2 billion.
Source Fool.com