Energy Transfer: Rock-Solid Dividend Opportunity

Summary:

  • Energy Transfer LP offers an impressive 8% forward dividend yield and has the highest Quant ranking among its peers.
  • The company has a solid history of consistent dividend payouts and its financial position is healthy despite high leverage.
  • Energy Transfer is undervalued and has a fair value of $28 per share, indicating significant potential for growth.

Money pouring out of a pipe

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Introduction

I continue to explore dividend stocks, and North American energy midstream appears to be a safe haven to me. The demand for hydrocarbons around the world is unlikely to decline in the foreseeable future, and there will also be a


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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