Can Energy Transfer Stock Maintain Its 9% Dividend?
Few stocks are able to sustain 9% dividends, yet that's exactly what Energy Transfer (NYSE: ET) did on February 6 when it increased its payout even though its dividend yield was already above 9%. And this isn't the first time Energy Transfer has boosted its already-high dividend. The company has raised the payout every quarter for more than two years.
Is this your chance to secure a truly reliable 9% dividend yield?
Some businesses are built for growth, while others are designed to produce free cash flow. Energy Transfer is the latter type of business. It owns assets that, while expensive to initially construct, eventually generate high levels of extra cash, the reason for the stock's high dividend over the years.
Source Fool.com
