Is Investing in Energy Transfer Stock a Smart Move for Future Income?

Reported 1 day ago

Energy Transfer offers an attractive 6.9% yield drawing income investors' attention, especially compared to the S&P 500's 1.2%. As a midstream company, it derives income from essential energy infrastructure, seemingly providing stability. However, its track record during downturns raises concerns; notably, it halved its dividend during the 2020 pandemic and struggled in previous energy slumps. This history may lead investors to consider other options like Enterprise Products Partners or Enbridge, which have better reliability in upholding dividends.

Source: YAHOO

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