Energy Transfer Leans Into Income Growth With Distribution Hike And Pipeline Spend

Energy Transfer (NYSE:ET) has raised its regular quarterly cash distribution by more than 3%. Management has outlined a target of 3 to 5% annual distribution growth going forward. The company plans multi billion dollar capital investments focused on expanding its pipeline network. Energy Transfer, which operates a large network of midstream energy assets, sits at the heart of moving oil, gas and related products across key US regions. For you as an income focused investor, the combination...