Energy Transfer Announces Quarterly Dividend Increase
Energy Transfer (ET) has declared a quarterly dividend of $0.34 per share, representing a modest increase from the previous payout of $0.34 by 0.7%. The forward yield is now at 6.83%, with payments scheduled for August 19 to shareholders on record as of August 7. This slight bump in dividends reflects continued confidence in the company's financial stability and cash flow generation. The dividend announcement comes amid ongoing developments, including Energy Transfer’s Nederland NGL Expansion project securing long-term ethane commitments through the 2040s. Additionally, the firm recently priced a $1.75 billion dual-tranche junior subordinated notes offering to support its capital structure and growth initiatives.
Tickers: $ET
Topics: dividends energy infrastructure