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Is Energy Transfer's 18.7%-Yielding Dividend Sustainable?

Matthew DiLallo, The Motley Fool
·5-min read
Is Energy Transfer's 18.7%-Yielding Dividend Sustainable?

Energy Transfer (NYSE: ET) pays a monster cash distribution. Energy Transfer's distribution was a key topic on its second-quarter conference call. CFO Thomas Long discussed the payout, noting that the company announced its latest one in July, which at $0.305 per unit, was consistent with what it paid the prior quarter.