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Energy Transfer Announces 20th Consecutive Quarterly Dividend Increase

The Motley Fool +1 · ·by G4L

ET Energy Transfer LP
$18.92 -1.41%
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  1. 1Energy Transfer achieved its 20th consecutive quarterly dividend increase by raising the quarterly dividend by more than 3%.
  2. 2Based on a $10,000 investment, the total annual dividend will be approximately $720.
  3. 3Energy Transfer announced a $2.6 billion deal to acquire Bakken Midstream.

So what's the key point?

Energy Transfer has raised its dividend to shareholders for the 20th time in a row. The company is also preparing to return more money to investors by announcing a $2.6 billion deal.

Source The Motley Fool +1 · View original ↗

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