ET - With Rivals Making Multibillion-Dollar Acquisitions Do These High-Yield Dividend Stocks Need to Respond?
2023-08-31 08:48:00 ET
Pipeline giants Energy Transfer (NYSE: ET) and Oneok (NYSE: OKE) have made headline-grabbing multibillion-dollar acquisitions this year. Energy Transfer recently sealed a $7.1 billion deal to buy fellow master limited partnership (MLP) Crestwood Equity Partners , while Oneok is buying Magellan Midstream Partners for a whopping $18.8 billion.
These deals will enhance their already large-scale operations while growing their earnings. That should give them the fuel to continue increasing their high-yielding dividends.
With Oneok and Energy Transfer getting bigger, chief rivals Enterprise Products Partners (NYSE: EPD) and Kinder Morgan (NYSE: KMI) are facing the dilemma of whether they need to respond. Here's a look at whether they need to join the consolidation wave to fuel their growth.
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With Rivals Making Multibillion-Dollar Acquisitions, Do These High-Yield Dividend Stocks Need to Respond?