Energy Transfer Preferred Partnership Units About To Put More Money In Your Pocket

On 2/4/25, Energy Transfer LP's 9.25% Preferred Partnership Units -144A STOCK (Symbol: ET.PRI) will trade ex-dividend, for its quarterly dividend of $0.2111, payable on 2/14/25. As a percentage of ET.PRI's recent share price of $11.90, this dividend works out to approximately 1.77%, so look for shares of ET.PRI to trade 1.77% lower — all else being equal — when ET.PRI shares open for trading on 2/4/25. On an annualized basis, the current yield is approximately 7.05%, which compares to an average yield of 5.48% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of ET.PRI shares, versus ET:

Below is a dividend history chart for ET.PRI, showing historical dividends prior to the most recent $0.2111 on Energy Transfer LP's 9.25% Preferred Partnership Units -144A STOCK:

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Free Report: Top 8%+ Dividends (paid monthly)

In Friday trading, Energy Transfer LP's 9.25% Preferred Partnership Units -144A STOCK (Symbol: ET.PRI) is currently off about 0.7% on the day, while the common shares (Symbol: ET) are off about 2.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.