Energy Transfer Brothers Declare Fresh Dividends

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The closely related firms Energy Transfer Partners (NYSE: ETP  ) and Energy Transfer Equity (NYSE: ETE  ) will both hand out a dividend for their respective Q1s. The former will pay $0.89375 per common unit on May 15 to holders of record as of May 6. This amount matches the company's previous quarterly payout.

Equity will distribute $0.645 per common unit, dispensing this on May 17 to holders of record as of May 6. This represents a raise of $0.01 per unit over the firm's preceding distribution, which was made in February.

Partners' dividend annualizes to nearly $3.58 per share. That yields 7.5% at the company's current stock price of $48.63. Those figures for Equity are $2.58, 4.4%, and $58.90, respectively.

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Related Tickers

9/28/2016 4:00 PM
ETE $16.70 Up +0.29 +1.77%
Energy Transfer Eq… CAPS Rating: ***
ETP $38.02 Up +1.16 +3.15%
Energy Transfer Pa… CAPS Rating: ***