This Top 7.5%-Yielding Dividend Stock Just Extended Its Visible Growth Pathway to 2030

Core Viewpoint - Energy Transfer is positioned for significant growth due to a series of new expansion projects that will enhance its cash flow and distribution capabilities over the next several years [1][2][10] Growth Projects - The company has a robust pipeline of organic expansion projects expected to enter commercial service by the end of next year, contributing to cash-flow growth in 2026 and 2027 [1][3] - The most significant project is the Desert Southwest pipeline expansion, which will transport 1.5 billion cubic feet of gas per day and requires an investment of $5.3 billion, anticipated for completion by the end of 2029 [4][5] - Additional projects include the Lake Charles LNG facility, which has secured a 30% equity partner and long-term sales contracts, and is in advanced discussions for further capacity commitments [6][7] Future Cash Flow and Distribution - The expansion projects are expected to provide substantial incremental cash flow, enhancing the company's growth visibility through the end of the decade [5] - Energy Transfer anticipates increasing its distribution payout by 3% to 5% annually, supported by its strong financial position and growing cash flows [8][10] Additional Developments - The company is advancing several other projects, including a natural gas pipeline expansion that will increase capacity from 1.5 Bcf/d to 2.2 Bcf/d, and a Delaware Basin NGL Pipe Looping project expected to be completed by 2027 [9] - The Bethel Storage Expansion will double the gas storage capacity by late 2028, further contributing to the company's growth strategy [9]