Reported about 1 year ago
Energy Transfer, a master limited partnership, is expected to distribute around $4.3 billion in cash dividends to its investors in 2024. With a distribution yield of approximately 8%, well above the S&P 500, Energy Transfer plans to increase its distribution per unit by 3% to 5% annually. Despite acquiring WTG Midstream and issuing new common units, Energy Transfer's robust cash flow should easily cover its dividend payments and expansion projects, making it an appealing option for investors seeking a lucrative and steadily growing income stream.
Source: YAHOO