If You Like Energy Transfer's 7%-Yielding Dividend, You Should Check Out This 9%-Yielding Peer

Energy Transfer (ET -0.32%) is popular among income-seeking investors. The master limited partnership (MLP) offers a monster distribution that currently yields 7%. That's well above the S&P 500's dividend yield (1.2%). Further, the company plans to steadily increase its payment each quarter, targeting yearly growth at a 3% to 5% annual rate. As good as Energy Transfer's income is these days, fellow MLP Western Midstream Partners (WES 0.08%) offers an even bigger yield at 9%. Here's a closer look at this hig ...