As the day concludes, Energy Transfer (NYSE:ET) is preparing to distribute a dividend payout of $0.32 per share, resulting in an annualized dividend yield of 8.96%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 06, 2024.
Energy Transfer Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-06 | 4$0.32 | 8.96% | 2024-01-25 | 2024-02-07 | 2024-02-20 | |
| 2023-10-27 | 4$0.31 | 8.91% | 2023-10-20 | 2023-10-30 | 2023-11-20 | |
| 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 |
Energy Transfer's dividend yield falls in the middle range when compared to its industry peers, with TORM (NASDAQ:TRMD) having the highest annualized dividend yield at 17.09%.
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
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $1.07 to $1.24, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Energy Transfer
From 2020 to 2023, Energy Transfer experienced a growth in earnings per share, with an increase from $0.87 to $1.06. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article provides an in-depth analysis of Energy Transfer's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.32 per share, resulting in an annualized dividend yield of 8.96%.
Energy Transfer's dividend yield falls in the middle range when compared to its industry peers, with TORM having the highest annualized dividend yield at 17.09%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Energy Transfer demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here]( to find details on Energy Transfer's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.