What kind of dividend does energy transfer pay?
Energy Transfer LP Dividend Information
The next TC Energy Corporation dividend will go ex in 26 days for 96c and will be paid in 2 months. The previous TC Energy Corporation dividend was 93c and it went ex 2 months ago and it was paid 1 month ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.5.
ET is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 11.08. This compares to its industry's average Forward P/E of 11.76. ET's Forward P/E has been as high as 13.47 and as low as 8.26, with a median of 10.14, all within the past year.
EPD Dividend Information
EPD has an annual dividend of $2.06 per share, with a forward yield of 7.42%. The dividend is paid every three months and the last ex-dividend date was Jan 30, 2024.
ET pays a dividend of $0.31 per share. ET's annual dividend yield is 8.41%.
Dividend Yield vs Market
Notable Dividend: ET's dividend (8.46%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
Energy Transfer (NYSE: ET) has come a long way over the past few years. The master limited partnership (MLP) has worked hard to shore up its financial position.
Energy Transfer stock price stood at $14.98
According to the latest long-term forecast, Energy Transfer price will hit $15 by the middle of 2024 and then $17 by the end of 2025. Energy Transfer will rise to $20 within the year of 2027, $25 in 2029, $30 in 2031 and $35 in 2035.
The average price target for Energy Transfer LP is $18.22. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $22.00 ,the lowest forecast is $15.00. The average price target represents 21.63% Increase from the current price of $14.98.
Energy Transfer LP Dividend Information
Energy Transfer LP has an annual dividend of $1.26 per share, with a forward yield of 8.46%. The dividend is paid every three months and the last ex-dividend date was Feb 6, 2024.
What is the future of Energy Transfer stock?
Future Growth
Energy Transfer is forecast to grow earnings and revenue by 17.4% and 3.7% per annum respectively. EPS is expected to grow by 15.7% per annum. Return on equity is forecast to be 17.1% in 3 years.
Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One stock to keep an eye on is Energy Transfer (ET). ET is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 11.08.
Energy Transfer LP annual revenue for 2022 was $89.876B, a 33.31% increase from 2021. Energy Transfer LP annual revenue for 2021 was $67.417B, a 73.07% increase from 2020.
Energy Transfer (NYSE: ET) offers investors the best of both worlds. The master limited partnership (MLP) has a massive yield (currently around 8.5%). Because of that, it can provide investors with a lot of income. The main reason it has such a high yield is it trades at a bottom-of-the-barrel valuation.
Energy Transfer will not pay any federal income tax. This allows for a higher potential cash flow payout to unitholders.
Is Energy Transfer a good company to work for? Energy Transfer has an overall rating of 3.7 out of 5, based on over 605 reviews left anonymously by employees.
We also earn revenues from other land management activities, such as selling standing timber, leasing coal-related infrastructure facilities, and collecting oil and gas royalties. These operations also include end-user coal handling facilities.
Energy Transfer Stock Ownership FAQ
Kelcy L. Warren is the largest individual Energy Transfer shareholder, owning 1.20B shares representing 35.78% of the company. Kelcy L. Warren's Energy Transfer shares are currently valued at $17.53B.
Based on analysts offering 12 month price targets for ET in the last 3 months. The average price target is $18.22 with a high estimate of $22 and a low estimate of $15.
On November 3, 2023, Energy Transfer completed its merger with Crestwood Equity Partners LP which extends its position in the value chain deeper into the Williston and Delaware basins, and entry into the Powder River basin.
Is Energy Transfer a big company?
Energy Transfer is one of the largest and most diversified midstream energy companies in North America with more than 125,000 miles of pipelines and associated energy infrastructure in 44 states transporting the oil and gas products that make our lives possible.
Stanley Black & Decker: 146 years of consecutive payouts
Among publicly traded industrial stocks, none has a longer streak of paying consecutive dividends, with Stanley Black & Decker doling out payouts to investors since 1876.
During the past 12 months, Energy Transfer LP's average Dividends Per Share Growth Rate was 42.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -4.20% per year.
When can you pay dividends? You can distribute dividends any time and at any frequency throughout the year, providing there is enough profit in your company to do so.
They pay above-average-yielding dividends that grow each year. Enterprise Products Partners (NYSE: EPD), NextEra Energy (NYSE: NEE), and Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) stand out to three Fool.com contributors for their incredible ability to pay dividends.
