Is Energy Transfer Stock a Millionaire Maker?

Energy Transfer (NYSE: ET), one of the largest midstream companies in the U.S. with over 125,000 miles of pipeline across 44 states, went public at a split-adjusted price of $5.50 per unit on Feb. 3, 2006. A $10,000 investment in that master limited partnership (MLP) would be worth $36,150 today and paying out $2,527 in annual dividends on a quarterly basis. If you had reinvested those dividends, your investment would be worth $123,000 and paying out nearly $8,600 in annual dividends.That's a decent 19-year gain, but the same $10,000 investment in an S&P 500 index fund (without reinvested dividends) would be worth $45,560 today. Energy Transfer wouldn't have made you a millionaire unless you had invested more than $100,000 in its IPO.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool