Energy Transfer Just Raised Its Dividend for the 19th Straight Quarter. Time to Buy the 6.8% Yield?
Energy Transfer continues to grow its already lucrative income stream.
Overview
Energy Transfer (NYSE: ET) has become a very reliable income investment over the past few years. The master limited partnership (MLP), which sends a Schedule K-1 Federal tax form each year, just notched its 19th consecutive quarterly dividend increase. That pay bump pushes its current yield up to 6.8%.
Here's a look at whether now's the time to buy the high-yielding MLP for income.
Image source: The Motley Fool.
Details
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Originally published at www.fool.com.
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