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.

Continue reading

Source Fool.com