My Top Dividend-Paying Deep Value Stock to Buy in November

Core Viewpoint - Energy Transfer is highlighted as a top deep value dividend stock due to its attractive yield and low valuation compared to peers [1][3]. Valuation - Energy Transfer trades at approximately nine times its enterprise value (EV) to EBITDA, which is the second-lowest valuation in the energy midstream sector, where the average is about twelve times EV/EBITDA [3][9]. - The current valuation contributes to a high dividend yield of 7.9% [3]. Financial Position - The company is in its strongest financial position in history, generating enough cash to cover its high-yielding payout by about 1.9 times [4]. - Its leverage ratio is within the lower half of its target range of 4.0-4.5 times [4]. Growth Prospects - Energy Transfer is investing $5 billion into growth capital projects this year, which are expected to generate significant incremental cash flow as these assets come online [5]. - The company has approved additional growth capital projects, enhancing its growth visibility through the end of the decade [5]. - Expansion projects are underway to meet increasing gas demand from AI data centers, power plants, and global export markets [5]. Dividend Growth - The company has plans to increase its payout by 3% to 5% per year, supported by its growth initiatives [6]. Investment Appeal - Energy Transfer is positioned as an attractive option for investors seeking high yield and long-term upside potential, despite the requirement of filing a Schedule K-1 tax form [7]. - The combination of robust current income and potential valuation improvement suggests strong total returns over time [7].