Is Energy Transfer the Best Ultra-High-Yield Dividend Stock to Buy Right Now?

How many ultra-high-yield dividend stocks are there? The answer depends on how you define "ultra-high." My working definition is that an ultra-high yield is four or more times the current dividend yield of the S&P 500 (SNPINDEX: ^GSPC), which currently translates to a yield of roughly 4.4%. As best I can tell, in the ballpark of 1,800 stocks qualify as an ultra-high-yield dividend stock. Answering that question took a little effort, but it was nothing compared to trying to determine the best ultra-high-yield dividend stock. However, several stocks immediately popped into my head when I contemplated this more difficult question.Energy Transfer (NYSE: ET) was one of them. Is this midstream energy leader the best ultra-high-yield dividend stock to buy right now?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool