This Nearly 8%-Yielding Dividend Just Keeps Heading Higher

Energy Transfer continues to steadily raise its lucrative distribution.Energy Transfer (ET 0.06%) recently declared its latest distribution payment. The master limited partnership (MLP) will pay its investors $0.3225 per unit in November. That's a slight bump of $0.0025 per unit from last quarter's level and a 3.2% increase from the prior year's payment. It pushed the midstream giant's yield closer to 8%. The MLP has now raised its payment every quarter since the end of 2021. That upward trend should contin ...