Energy Transfer LP (NYSEAMERICAN:ET – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be given a dividend of $0.3425 per share by the pipeline company on Thursday, November 19th. This represents a $1.37 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, November 6th. This is a 0.7% increase from Energy Transfer’s previous quarterly dividend of $0.34.
Energy Transfer has a payout ratio of 87.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Energy Transfer to earn $1.69 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 80.5%.
Energy Transfer Stock Down 0.4%
NYSEAMERICAN ET opened at $20.04 on Friday. Energy Transfer has a 1-year low of $16.18 and a 1-year high of $21.84. The company has a market capitalization of $69.00 billion, a price-to-earnings ratio of 13.63 and a beta of 0.60. The stock’s 50 day moving average is $20.83 and its two-hundred day moving average is $20.05. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45.
Energy Transfer (NYSEAMERICAN:ET – Get Free Report) last announced its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.21. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business had revenue of $34.33 billion during the quarter, compared to analysts’ expectations of $27.71 billion. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. Equities analysts forecast that Energy Transfer will post 1.73 earnings per share for the current fiscal year.
Energy Transfer Company Profile
Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.
The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.
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