Energy Transfer Announces Increase In Quarterly Cash Distribution From $0.3150 To $0.3175
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer LP (NYSE:ET) announced an increase in its quarterly cash distribution to $0.3175 per unit, a 3.3% rise from the first quarter of 2023. The distribution is for the first quarter ended March 31, 2024, payable on May 20, 2024, to unitholders of record as of May 13, 2024. Additionally, Energy Transfer will release its Q1 2024 earnings on May 8, 2024, followed by a conference call to discuss the results and provide a company update.
April 24, 2024 | 12:35 pm
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Energy Transfer LP increases its quarterly cash distribution to $0.3175 per unit, marking a 3.3% increase from the previous year, with Q1 2024 earnings set to be released on May 8.
The increase in quarterly cash distribution is a positive signal to investors, indicating financial health and confidence in future earnings. This move is likely to attract income-focused investors and could lead to a short-term uptick in ET's stock price, especially with the anticipation of the Q1 2024 earnings release.
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