This Monster Dividend Stock Continues to Give Investors Big Raises
Energy Transfer (NYSE: ET) offers investors a monster payout these days. The master limited partnership (MLP) has a distribution yield that currently clocks in at 8.5%. That's more than double the average in the energy sector and over four times the S&P 500's yield.
One factor driving Energy Transfer's high yield is a steady stream of big-time raises over the past year. And more increases could be coming down the pipeline, making it an attractive option for those seeking a big-time passive income stream.
Energy Transfer recently declared its latest cash distribution to investors. The MLP will pay $0.265 per unit for the third quarter ($1.06 per unit annualized). With the unit price around $12.50, that works out to a yield of 8.5% -- a 15% increase from last quarter's 7.4% yield.
Source Fool.com
