Energy Transfer LP (ET) to Issue Quarterly Dividend of $0.34 on May 20th

Energy Transfer LP (NYSE:ETGet Free Report) announced a quarterly dividend on Monday, April 27th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.3375 per share by the pipeline company on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, May 8th. This is a 0.7% increase from Energy Transfer’s previous quarterly dividend of $0.34.

Energy Transfer has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Energy Transfer has a dividend payout ratio of 86.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Energy Transfer to earn $1.58 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 85.4%.

Energy Transfer Stock Performance

ET opened at $20.38 on Wednesday. The stock has a 50-day moving average of $19.02 and a 200-day moving average of $17.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.22. Energy Transfer has a 52-week low of $15.80 and a 52-week high of $20.67. The company has a market cap of $70.13 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57.

Energy Transfer (NYSE:ETGet Free Report) last posted its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.58 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, equities research analysts forecast that Energy Transfer will post 1.52 earnings per share for the current fiscal year.

Energy Transfer News Roundup

Here are the key news stories impacting Energy Transfer this week:

Energy Transfer Company Profile

(Get Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

See Also

Dividend History for Energy Transfer (NYSE:ET)

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