Energy Transfer Increases Distributions
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stable cash flowThe Motley Fool
•Business
Business & Economics
Energy Transfer Continues to Steadily Put More Cash into Its Investors' Pockets
73% Informative
Energy Transfer ( NYSE : ET) is increasing its quarterly cash distribution to $ 0.325 per unit, or $ 1.30 annualized.
That's up from last quarter's level, and 3.2% higher than the year-ago payment.
The MLP produces about $8.5 billion of distributable cash flow each year.
Energy Transfer is investing heavily in expanding its midstream footprint.
The company has a strong financial profile putting its high-yielding distribution on a sustainable foundation.
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