Energy Transfer Just Raised Its Dividend for the 19th Straight Quarter. Time to Buy the 6.8% Yield?

Energy Transfer (ET), a master limited partnership, has increased its quarterly distribution for the 19th consecutive quarter to $0.34 per unit ($1.36 annualized), raising its yield to 6.8%. The company plans 3-5% annual distribution growth, supported by strong financial health, $2.7 billion in distributable cash flow, and a multi-billion dollar expansion backlog. Trading at 8.5x forward earnings—the lowest among MLP peers—ET is positioned for continued earnings growth and total returns.