ET - Is Energy Transfer the Best-High Yield Energy Stock for You?
2024-05-25 04:37:00 ET
Energy Transfer (NYSE: ET) has a lofty 8% or so distribution yield, which will likely sound pretty appealing to most dividend-focused investors. But don't jump in just yet. You'll probably be better off with Enterprise Products Partners (NYSE: EPD) and its still very attractive 7.2% yield. Here's what you need to know.
Both Energy Transfer and Enterprise Products Partners operate in the midstream segment of the broader energy sector . Each of these master limited partnerships (MLPs) own the vital physical assets -- like pipelines, storage, and transportation -- that help to move oil and natural gas from where they are drilled to where they get used. Midstream assets tend to be very reliable cash generators.
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Is Energy Transfer the Best-High Yield Energy Stock for You?