How To Earn $500 A Month From Energy Transfer Stock
Portfolio Pulse from Lisa Levin
Energy Transfer LP (NYSE:ET) shares increased after OPEC+ decided to cut oil supply by 1 million barrels a day. Despite reporting weaker-than-expected Q3 earnings, ET's dividend yield of 9% attracts investors. To earn $500 monthly from dividends, one would need to invest in approximately 4,800 shares. Dividend yields fluctuate with changes in dividend payments and stock prices. ET shares rose 1.5% to close at $13.89 on Thursday.
December 01, 2023 | 1:34 pm
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POSITIVE IMPACT
Energy Transfer's stock rose after OPEC+ cuts, and its high dividend yield remains attractive despite a weak Q3 earnings report. Investors may be drawn to the stock for its income potential.
The OPEC+ decision to cut oil supply typically benefits energy companies like ET, potentially increasing their profitability. The high dividend yield is attractive to income-focused investors, especially in a lower yield environment. However, the weaker Q3 earnings could be a concern for long-term growth prospects, but the short-term impact seems positive due to the dividend appeal and the OPEC+ decision.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100