Today, August 21, 2023, Energy Transfer ET will distribute a dividend payout of $0.31 per share, highlighting an annualized dividend yield of 9.34%. Shareholders who owned the stock before the ex-dividend date on August 11, 2023 will be eligible for this payout.
Energy Transfer Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-11 | 4 | $0.31 | 9.34% | 2023-07-25 | 2023-08-14 | 2023-08-21 |
| 2023-05-05 | 4 | $0.31 | 9.82% | 2023-04-26 | 2023-05-08 | 2023-05-22 |
| 2023-02-06 | 4 | $0.3 | 9.33% | 2023-01-25 | 2023-02-07 | 2023-02-21 |
| 2022-11-03 | 4 | $0.27 | 8.78% | 2022-10-25 | 2022-11-04 | 2022-11-21 |
| 2022-08-05 | 4 | $0.23 | 8.68% | 2022-07-26 | 2022-08-08 | 2022-08-19 |
| 2022-05-06 | 4 | $0.2 | 7.2% | 2022-04-26 | 2022-05-09 | 2022-05-19 |
| 2022-02-07 | 4 | $0.17 | 7.63% | 2022-01-25 | 2022-02-08 | 2022-02-18 |
| 2021-11-04 | 4 | $0.15 | 6.11% | 2021-10-26 | 2021-11-05 | 2021-11-19 |
| 2021-08-05 | 4 | $0.15 | 6.12% | 2021-07-22 | 2021-08-06 | 2021-08-19 |
| 2021-05-10 | 4 | $0.15 | 7.64% | 2021-04-22 | 2021-05-11 | 2021-05-19 |
| 2021-02-05 | 4 | $0.15 | 9.43% | 2021-01-28 | 2021-02-08 | 2021-02-19 |
| 2020-11-05 | 4 | $0.15 | 9.68% | 2020-10-26 | 2020-11-06 | 2020-11-19 |
With a dividend yield that places it neither at the top nor the bottom, Energy Transfer finds itself in the middle among its industry peers, while TORM TRMD boasts the highest annualized dividend yield at 21.68%.
Analyzing Energy Transfer Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, there was a decline in the company's dividend per share, dropping from $1.22 in 2019 to $0.87 in 2022. This negative trend suggests a reduction in the company's dividend distribution, which requires careful investigation to identify the underlying causes.
YoY Earnings Growth For Energy Transfer
From 2019 to 2022, Energy Transfer experienced a growth in earnings per share, with an increase from $1.26 to $1.34. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Energy Transfer and its implications for shareholders. Presently, the company is distributing a dividend of $0.31 per share, leading to an annualized dividend yield of 9.34%.
With a dividend yield that places it neither at the top nor the bottom, Energy Transfer finds itself in the middle among its industry peers, while TORM boasts the highest annualized dividend yield at 21.68%.
With dividend per share decreasing and earnings per share increasing from 2019 to 2022, Energy Transfer appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Track real-time stock fluctuations for Energy Transfer on Benzinga.](https://www.benzinga.com/quote/Energy Transfer (NYSE: ET))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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