Energy Transfer Announces Increase In Quarterly Cash Distribution From $0.32 To $0.3225 Per Unit
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer LP has announced an increase in its quarterly cash distribution to $0.3225 per unit, marking a 3.2% rise compared to the previous year. This distribution will be paid on November 19, 2024, to unitholders of record as of November 8, 2024.
October 28, 2024 | 8:27 pm
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Energy Transfer LP has increased its quarterly cash distribution by 3.2% to $0.3225 per unit, payable on November 19, 2024. This move may attract income-focused investors.
The increase in cash distribution is likely to be viewed positively by investors, particularly those focused on income, as it reflects the company's ability to generate cash and return value to shareholders. This could lead to a short-term positive impact on the stock price.
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