Posted 3/2/2024, 11:25:00 AM
Ultra-High 8.5% Dividend Makes Energy Transfer a Passive Income Powerhouse with Upside
- Energy Transfer (ET) has an ultra-high 8.5% dividend yield that can generate substantial passive income
- The dividend is on firm footing due to stable cash flows, a low payout ratio, and strong balance sheet
- The stock trades at a very cheap valuation, giving it significant upside potential
- Catalysts like unit repurchases, LNG project approvals, and mergers could boost the stock
- With high income and upside, ET offers high-octane total return potential from a $1,000 investment