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

Energy Transfer LP (NYSE:ET) announced a quarterly dividend on Tuesday, October 28th. Stockholders of record on Friday, November 7th will be given a dividend of 0.3325 per share by the pipeline company on Wednesday, November 19th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. 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 raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Energy Transfer has a dividend payout ratio of 85.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Energy Transfer to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.33 annual dividend with an expected future payout ratio of 87.5%.

Energy Transfer Stock Performance

NYSE ET opened at $16.65 on Wednesday. The stock’s fifty day moving average is $17.09 and its two-hundred day moving average is $17.42. The firm has a market capitalization of $57.14 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.92 and a current ratio of 1.15. Energy Transfer has a fifty-two week low of $14.60 and a fifty-two week high of $21.45.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.32 EPS for the quarter, hitting 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 analyst estimates of $24.07 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, research analysts anticipate that Energy Transfer will post 1.46 earnings per share for the current year.

About Energy Transfer

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.