Why Energy Transfer Believes Its 15%-Yielding Dividend Is Safe
Units of Energy Transfer (NYSE: ET) have cratered roughly 35% this year. That sell-off pushed the yield on the master limited partnership's distribution up to an eye-popping 15%. When a payout reaches that level, it's because the market doesn't believe it's sustainable.
However, Energy Transfer has full confidence in its ability to maintain its distribution, given what it sees ahead. That was one of the key takeaways on its first-quarter conference call.
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Source Fool.com
