This Energy Stock Wants to Increase Its Already Massive Dividend by Another 50%
Energy Transfer (NYSE: ET) already provides investors with an enormous dividend. The energy-focused master limited partnership (MLP) currently yields over 6.8%. That's significantly above the S&P 500's 1.6% dividend yield.
As attractive as Energy Transfer's cash distribution might be these days, it's still quite far from its ultimate goal. It could therefore provide investors with a much bigger income stream in the future.
Energy Transfer's current dividend payment is $0.20 per unit each quarter, or $0.80 per unit annualized. That's more than 30% above last year's level following two sizable distribution increases this year. The MLP increased its payment by 15% in January and another 14.3% in April.
Source Fool.com
