Here's How Many Shares of Energy Transfer You Should Own to Get $5,000 in Yearly Dividends

The oil and gas industry offers some big dividend yields, and some companies are also increasing their dividends annually. Energy Transfer (NYSE: ET) is one such dividend stock. The midstream energy company operates an extensive network of pipelines and earns nearly 90% of its earnings from long-term, fee-based contracts, which reduces its sensitivity to commodity prices.As a master limited partnership (MLP), Energy Transfer also distributes a major portion of its free cash flow as dividends. Combined, the two factors mean regular and growing dividends for shareholders.Energy Transfer stock offers a juicy dividend yield of 7.5% right now, and you could earn $5,000 in yearly dividends from the stock. Here's how.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool