How safe is energy transfer dividend?

Is Energy Transfer Partners dividend safe?

Energy Transfer Has a Safe Dividend

The company is a master limited partnership (MLP). … Right now, the company pays out just over 84% of its earnings as a dividend. Mark Hake wrote an insightful article explaining why the dividend is well supported by the company’s distributable cash flow (DCF).

Is energy transfer a good dividend?

Energy Transfer (NYSE:ET) offers a nearly 6% dividend yield with one of the strongest portfolios of any midstream company. The company has a market capitalization of nearly $30 billion, but a much higher enterprise value as a result of its debt.

Is ET distribution safe?

Energy Transfer (ET) has a massive distributable cash flow coverage ratio, making its distribution look extremely safe and poised for a hike.

How often does energy transfer pay dividends?

Energy Transfer, L.P. (ET) distributions are typically paid approximately 50 days after the end of each quarter. Quarterly distributions are estimated to be on or about February 19, May 19, August 19 and November 19.

What dividend does energy transfer pay?

ET pays a dividend of $0.61 per share. ET’s annual dividend yield is 6.33%.

What stock has highest dividend?

Dividend Aristocrat Companies With the Highest Dividends

IT IS INTERESTING:  Do you have to be smart to be an investment banker?
Company Dividend yield
AT&T (T) 6.93%
T Rowe Price (TROW) 6.15%
ExxonMobil (XOM) 5.80%
Chevron (CVX) 5.05%

Does Oke pay a dividend?

ONEOK (NYSE:OKE) pays quarterly dividends to shareholders.

Is energy transfer a good stock to buy?

Stocks with “A” grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. One company to watch right now is Energy Transfer LP (ET). ET is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. … Another notable valuation metric for ET is its P/B ratio of 0.76.

Is ET undervalued?

Given its quality and well-diversified asset portfolio, strong recent results, encouraging Dakota Access Pipeline developments, improved outlook for deleveraging, shareholder capital returns, and potential growth acquisitions, ET looks very undervalued right now.

Is ET a good buy?

Out of 10 analysts, 6 (60%) are recommending ET as a Strong Buy, 3 (30%) are recommending ET as a Buy, 1 (10%) are recommending ET as a Hold, 0 (0%) are recommending ET as a Sell, and 0 (0%) are recommending ET as a Strong Sell. What is ET’s earnings growth forecast for 2021-2023?

Will ET cut dividends?

The company has cut its dividend obligations from $3.4 billion annualized to $1.7 billion annualized. The company’s 2020E growth capital was originally expected to be ~$3.4 billion. That means that the company will officially be FCF-positive in 2021.

What stock pays the highest monthly dividend?

The following seven monthly dividend stocks all yield 6% or more.

  • AGNC Investment Corp. ( ticker: AGNC) …
  • Gladstone Capital Corp. ( GLAD) …
  • Horizon Technology Finance Corp. ( HRZN) …
  • LTC Properties Inc. ( LTC) …
  • Main Street Capital Corp. ( MAIN) …
  • PennantPark Floating Rate Capital Ltd. ( PFLT) …
  • Pembina Pipeline Corp. ( PBA)
IT IS INTERESTING:  What can I invest with 10k in Singapore?

What is ET dividend payout?

PAYMENT DATE. 08/05/2021. CASH. $0.153.