Energy Transfer LP
ETEnergy · Stock · quarterly payer
Forward Yield
6.57%
Annual Dividend
$1.34
Payout Ratio
110%
5-Yr Growth
4.3%
Ex-Date
May 8, 2026
Frequency
Quarterly
Summary
As of July 2026, Energy Transfer LP (ET) yields 6.57% ($1.34 per share annually), with a blended fair-value estimate of $26.43 — +30% upside, so it screens as undervalued. Dividend safety grade: C (55/100). 4 years of dividend growth.
Is ET a good dividend stock?
MixedEnergy Transfer LP (ET) pays a quarterly dividend yielding 6.57% ($1.34/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 118% total price return over 5 years
Risks
- Cut its dividend in 2021
- Elevated payout ratio (110%)
Key Data
- Dividend Yield
- 6.57%
- Payout Ratio
- 110%
- Annual Dividend
- $1.34
- 5-Yr Avg Growth
- 4.3%
- Ex-Dividend Date
- May 8, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $69.8B
- P/E Ratio
- 16.9
- 5-Yr Total Return
- 118%
- 52-Week Range
- $16.18 – $20.70
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
ET Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+51%
5 Years
+118%
52-Week Range
$16.18 – $20.70
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ET worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Energy Transfer LP is $26.43 per share, versus a market price of $20.32. That implies 30% of upside — a margin of safety of about 23%.
Fair Value
$26.43
Current Price
$20.32
Upside
+30%
Margin of Safety
23%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 3.7% annual free-cash-flow growth. We model 5.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 5.5% stage-1 growth, 2.5% terminal growth, $1.20 EPS, $1.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ET Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 8, 2026 | — | $0.3380 | regular |
| Feb 6, 2026 | — | $0.3350 | regular |
| Nov 7, 2025 | — | $0.3330 | regular |
| Aug 8, 2025 | — | $0.3300 | regular |
| May 9, 2025 | — | $0.3280 | regular |
| Feb 7, 2025 | — | $0.3250 | regular |
| Nov 8, 2024 | — | $0.3230 | regular |
| Aug 9, 2024 | — | $0.3200 | regular |
| May 10, 2024 | — | $0.3180 | regular |
| Feb 6, 2024 | — | $0.3150 | regular |
| Oct 27, 2023 | — | $0.3130 | regular |
| Aug 11, 2023 | — | $0.3100 | regular |
| May 5, 2023 | — | $0.3080 | regular |
| Feb 6, 2023 | — | $0.3050 | regular |
Income Calculator
At $1.34 / yr per share
