Energy Transfer LP (ET) To Go Ex-Dividend on August 7th

Energy Transfer LP (NYSE:ET) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be given a dividend of 0.34 per share by the pipeline company on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, August 7th. This is a 0.7% increase from Energy Transfer’s previous quarterly dividend of $0.34.

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 annually for the last 4 consecutive years. Energy Transfer has a payout ratio of 86.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Energy Transfer to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 88.8%.

Energy Transfer Price Performance

NYSE:ET opened at $20.23 on Wednesday. The firm’s fifty day moving average price is $19.54 and its two-hundred day moving average price is $19.04. The company has a market cap of $69.62 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.15 and a beta of 0.55. Energy Transfer has a one year low of $16.18 and a one year high of $20.70. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 0.93.

Energy Transfer (NYSE:ET) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same period in the prior year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. Equities analysts expect that Energy Transfer will post 1.44 earnings per share for the current year.

About Energy Transfer

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.