Energy Transfer LP (ET)

[Prudent Capitalist]

Energy Transfer Announces Significant Increase in Quarterly Cash Distribution

ET has announced another substantial increase in its quarterly distribution to .265 ($1.06 on an annual basis). This is a 70% increase over the prior year's quarterly distribution and a 15 increase in its Q2 2022 distribution. it makes the forward dividend yield 8.64% at this am's current share price.

Future increases to the distribution level will be evaluated on a quarterly with the ultimate goal of returning distributions to the previous level of $.305 per quarter, or $1.22 on an annual basis...