Energy Transfer Partners LP (ETP)

[Prudent Capitalist]

I have to take a required minimum distribution (RMD) each year from this particular beneficiary IRA, so I was taking the income on many of the high yield utility and other pipeline stocks and LP's, etc. But, with the serious drop in the PPS for KMI and ETP I put them on dividend reinvestment, as the firm that holds the accounts offers it as a free service. When the share price recovers I may take them off, but for now can't pass up accumulating more ETP shares down here under $22 through the automatic reinvestment of the dividends.