This 7%-Yielding Dividend Stock Is About to Enter an Exciting New Phase for Income Investors

Energy Transfer has a 7.3% yield and plans to grow its distribution at a slow, steady pace.If you look at Energy Transfer's (ET 0.17%) history, you might have some concerns about trust. Complex machinations around a canceled merger in 2016 and a dividend cut in 2020 would, together, be enough to dissuade many dividend investors from buying the stock. However, for more aggressive dividend investors, the 7.3% yield could be an opportunity, as management looks to prove that it has turned over a new leaf.What d ...