Reported about 19 hours ago
Energy Transfer (NYSE: ET) is set to grow its impressive 7% dividend yield as it enhances its growth strategy through acquisitions and expansion projects. With recent deals like the $7.1 billion purchase of Crestwood Equity Partners and strong expectations for future capital expenditures, the company is on track to increase its adjusted EBITDA by 12% this year. The CEO highlighted ongoing projects that enhance cash flow visibility and cater to rising demand in energy infrastructure, positioning Energy Transfer for sustained growth and robust returns for investors.
Source: YAHOO