Energy Transfer: Is This High-Yield Stock a Buy as Growth Projects Pile Up?
Energy Transfer (NYSE: ET) is a favorite among income-oriented investors. The master limited partnership (MLP) sports a 7.4% yield and has been growing its distribution nicely in the past few years. While MLPs come with some extra paperwork at tax time, the majority of their distributions are deemed a return of capital and are tax-deferred until the stock is sold.
What's even more exciting, though, is that the midstream company is entering a new growth phase, and its backlog of attractive projects is starting to pile up. This should lead to solid growth in the coming years.
The company recently announced a new large growth project right around the time it posted its second-quarter results.
Source Fool.com
