Energy Transfer LP (ET) to Issue Quarterly Dividend of $0.33 on November 19th

Energy Transfer LP (NYSE:ET) declared a quarterly dividend on Tuesday, October 28th. Shareholders of record on Friday, November 7th will be paid a dividend of 0.3325 per share by the pipeline company on Wednesday, November 19th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Friday, November 7th. This is a 0.8% increase from Energy Transfer’s previous quarterly dividend of $0.33.

Energy Transfer has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Energy Transfer has a payout ratio of 84.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Energy Transfer to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 86.8%.

Energy Transfer Trading Down 0.5%

NYSE ET opened at $16.91 on Thursday. The stock’s fifty day moving average price is $17.15 and its 200-day moving average price is $17.43. Energy Transfer has a 12 month low of $14.60 and a 12 month high of $21.45. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44. The stock has a market cap of $58.03 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.01 and a beta of 0.78.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The business had revenue of $19.24 billion for the quarter, compared to the consensus estimate of $24.07 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. As a group, equities analysts forecast that Energy Transfer will post 1.46 EPS for the current fiscal year.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.