Where Will Energy Transfer Be in 10 Years?
Energy Transfer (NYSE: ET) is going to be a tough stock for some dividend investors to buy. There are good reasons for this, but management insists it has positioned the business for slow and steady growth in the years ahead. If you can look past the history, here's what the next 10 years might look like.
Trust will be the biggest issue for conservative dividend investors. In 2020, Energy Transfer cut its distribution in half. That was a difficult time for the energy sector and the world, given the coronavirus pandemic. However, if you were trying to live off your dividends, that cut might have been a painful hit to your finances. Notably, other high-yielding competitors continued to increase their distributions, including Enterprise Products Partners and Enbridge.
Image source: Getty Images.
Source Fool.com
