Is Energy Transfer the Best Dividend Stock for You?

While the MLP offers a big-time dividend, it has some drawbacks.Energy Transfer (ET -1.23%) offers a monster dividend yield. The master limited partnership's (MLP) payout is over 8% these days. That puts it several times higher than the average dividend stock (the S&P 500's dividend yield is around 1.4%). Further, the pipeline company expects to grow its payout by 3% to 5% per year.However, the MLP's big payout isn't for everyone. Here's how to determine whether it's the best dividend stock for you.The case ...