This Nearly 8%-Yielding Dividend Stock Has Ample Fuel to Continue Growing Its Payout
Energy Transfer (NYSE: ET) is a rare dividend stock. The master limited partnership (MLP) offers a monster payout. At nearly 8%, it's several times higher than the S 500's sub-1.5% dividend yield.
Typically, high-yielding dividend stocks don't grow very fast. That makes this MLP unique: It's growing briskly and has plenty of fuel to keep its growth engine humming along. Here's a look at what's driving the company's above-average growth rate.
Energy Transfer is delivering high-octane growth this year. Its earnings surged 20% in the second quarter, while its distributable cash flow jumped 32%. The MLP delivered record-setting volumes across several of its businesses, fueled by strong market conditions, organic expansions, and acquisitions.
Source Fool.com
MLP SE Stock
Currently there is a rather positive sentiment for MLP SE with 4 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 73.31% for MLP SE compared to the current price of 5.77 €.
