Energy Transfer LP (NYSEAMERICAN:ET) to Issue Quarterly Dividend of $0.34

Energy Transfer LP (NYSEAMERICAN:ET) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be paid 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 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. Equities 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 Price Performance

ET stock opened at $20.04 on Friday. The company has a market cap of $69.00 billion, a PE ratio of 13.63 and a beta of 0.60. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average price of $20.83 and a two-hundred day moving average price of $20.05. Energy Transfer has a 12-month low of $16.18 and a 12-month high of $21.84.

Energy Transfer (NYSEAMERICAN:ET) last released its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.21. The company had revenue of $34.33 billion for the quarter, compared to the consensus estimate of $27.71 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. The company’s quarterly revenue was up 78.4% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. As a group, research analysts predict that Energy Transfer will post 1.73 EPS for the current year.

About Energy Transfer

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.