Is Energy Transfer's 18.7%-Yielding Dividend Sustainable?
Energy Transfer (NYSE: ET) pays a monster cash distribution. Given the big slide in its unit price, -- they're down more than 50% in the past year -- the master limited partnership currently yields an eye-popping 18.7%. Usually, when a payout's that high, it's because the market doesn't believe it's sustainable.
However, when it comes to Energy Transfer's payout, it's not so cut and dried. Here's a look at why it's not clear what the future holds for this massive payout.
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Source Fool.com
