ET - How Much Will Energy Transfer Pay Out in Dividends This Year?
2024-07-01 08:34:00 ET
Energy Transfer (NYSE: ET) offers investors an enticing income stream. The master limited partnership's (MLP) distribution yield is around 8%. That's several times above the S&P 500 's 1.3% dividend yield.
Here's a closer look at how much money the MLP will distribute to its investors this year.
Energy Transfer pays its investors a quarterly distribution of $0.3175 per unit ($1.27 annualized). The MLP had about 3.4 billion outstanding common units at the end of the first quarter. That put its total cash outlay at nearly $1.1 billion in the period . At that rate, the MLP will distribute a little less than $4.3 billion in cash to its unitholders in 2024.
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How Much Will Energy Transfer Pay Out in Dividends This Year?