Energy Transfer Increases Quarterly Cash Distribution To $0.32 Per Unit For Q2 2024, Up 3.2% From Last Year
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer has announced an increase in its quarterly cash distribution to $0.32 per unit for Q2 2024, representing a 3.2% increase from the previous year. The distribution is payable on August 19 to unitholders of record on August 9.
July 25, 2024 | 8:29 pm
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Energy Transfer has increased its quarterly cash distribution to $0.32 per unit for Q2 2024, a 3.2% rise from the previous year. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in cash distribution is a positive signal to investors, indicating strong financial health and commitment to returning value to shareholders. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
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