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ET - DFP: Good Income Fund But Price Is Far Too High
June, 03 2021 07:54 AM
Energy Transfer LP
The biggest challenge facing many investors today is an inability to generate income off of their portfolios. DFP is a solid fixed-income fund that sports a very appealing 6.61% yield. The fund is heavily focused on financials, but that is not atypical for a fund that buys preferred stock. The distribution is easily covered with the fund's net investment income; so appears to be sustainable. The price is incredibly high for the fund; so you are not getting a good value here. For further details see:
DFP: Good Income Fund But Price Is Far Too High
Stock Information
Company Name:
Energy Transfer LP
Stock Symbol:
ET
Market:
NYSE
Website:
energytransfer.com
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