Energy Transfer (NYSE: ET) dropped by double-digits over the past several days, as the company’s latest dividend announcement was a 50% cut in the company’s dividend.
When did Energy Transfer cut their dividend?
It had been paying a 30.5 cents quarterly dividend ever since the first quarter of 2018, giving Energy Transfer stock a whopping 19.7% dividend yield. But on Oct. 27 management announced a 50% cut in the quarterly dividend to 15.25 cents.
What is the next ex dividend date for ET?
Energy Transfer L.P. (ET) will begin trading ex-dividend on May 10, 2021. A cash dividend payment of $0.153 per share is scheduled to be paid on May 19, 2021. Shareholders who purchased ET prior to the ex-dividend date are eligible for the cash dividend payment.
Why is energy transfer dividend yield so high?
Energy Transfer has an uneven history of issuing dividend increases. On the one hand, it gave investors two dividend increases in 2017. But prior to that, the company had not issued an increase in two years. This simply means that the reason the dividend yield is going up is because the share price is going down.
Is ET a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
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What stock pays highest dividend?
25 Top-Paying Dividend Stocks That Will Make You Rich
- Emerson Electric Company. Annual dividend: $2.00. …
- Aflac Inc. Annual dividend: $1.12. …
- Archer Daniels Midland. Annual dividend: $1.44. …
- Pepsico Inc. Annual dividend: $4.09. …
- Cincinnati Financial. …
- General Dynamics Corp. …
- Genuine Parts Company. …
- Raytheon Technologies Corp.
How much is energy transfer dividend?
Energy Transfer pays an annual dividend of $0.61 per share, with a dividend yield of 6.09%.
How long do you have to hold a stock to get the dividend?
In order to receive the preferred 15% tax rate on dividends, you must hold the stock for a minimum number of days. That minimum period is 61 days within the 121-day period surrounding the ex-dividend date. The 121-day period begins 60 days before the ex-dividend date.
How much dividend does et pay?
ET pays a dividend of $0.61 per share. ET’s annual dividend yield is 6.49%.
What is the best energy stock to buy?
What are the best energy stocks to buy?
- ConocoPhillips: Globally diversified oil and gas producer.
- NextEra Energy: Leading utility and renewable energy producer.
- TC Energy: Leading pipeline operator and electricity producer.
Is energy transfer a good stock to buy now?
Stocks with “A” grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. One company to watch right now is Energy Transfer LP (ET). ET is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 6.02.
Does nly pay monthly dividends?
The next Annaly Capital Management Inc dividend is expected to go ex in 2 months and to be paid in 3 months. … There are typically 4 dividends per year (excluding specials).
Will Oxy stock go up?
Occidental Petroleum Corp (NYSE:OXY)
The median estimate represents a +30.22% increase from the last price of 26.11.