Energy Transfer's Yield Just Climbed Near 6.5%. Here's Why I'm Not Worried About the Payout.
This midstream pipeline stock is still a reliable income play.
Overview
Energy Transfer (NYSE: ET), one of the largest midstream pipeline companies in the United States, pays a forward yield of 6.5%. That yield might seem high, but it's supported by plenty of cash and long-term catalysts. Let's see why it's still a reliable income play for patient investors.
Energy Transfer operates more than 140,000 miles of pipeline across 44 states. It transports natural gas, liquefied natural gas (LNG), natural gas liquids (NGLs), crude oil, and other refined products, and helps companies export some of their natural gas products.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.