SmarterDividends
ET

Energy Transfer (ET) Dividend

Energy Transfer LP · Energy · Oil & Gas Midstream · quarterly payer

$19.61

Undervalued · +27% Add to Portfolio

As of Nov 5, 2026, Energy Transfer (ET) pays a quarterly dividend of $0.34 per share, or $1.37 a year, a 7.04% yield at its $19.61 share price. The next ex-dividend date is Nov 6, 2026, paid Nov 19, 2026. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

7.04%

Annual Dividend

$1.37

Payout Ratio

91%

5-Yr Growth

4.3%

Ex-Date

Nov 6, 2026

Frequency

Quarterly

Key facts about ET's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Energy Transfer LP (ET) has a forward dividend yield of 7.04%, based on an annual dividend of $1.37 per share and a share price of $19.61.
  • As of Nov 5, 2026, ET's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Energy Transfer LP (ET) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • ET last cut its regular dividend in 2021.
  • ET's next ex-dividend date is Nov 6, 2026, with payment on Nov 19, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, ET pays out 91% of its trailing 12-month earnings as dividends (its payout ratio).
  • ET's dividend has grown at an average rate of 4.3% a year over the past five years.
  • As of Nov 5, 2026, ET's 7.04% yield is 10% below its five-year average yield of 7.85%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for ET is $24.83 per share, 27% above the $19.61 share price, so ET screens as undervalued.
  • Energy Transfer LP (ET) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "ET Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/ET

Is ET a good dividend stock?

Mixed

Energy Transfer LP (ET) pays a quarterly dividend yielding 7.04% ($1.37/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

  • 148% total price return over 5 years

Risks

  • Cut its dividend in 2021
  • Elevated payout ratio (91%)

Key Data

Dividend Yield
7.04%
Payout Ratio
91%
Annual Dividend
$1.37
5-Yr Avg Growth
4.3%
Ex-Dividend Date
Nov 6, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.60
Market Cap
$67.5B
P/E Ratio
13.0
5-Yr Total Return
148%
52-Week Range
$16.18 – $21.84
Dividend Safety
C · 54/100
Ever Cut?
Yes (2021)

ET dividend changes

Energy Transfer LP (ET) pays a variable dividend: across the 82 payments on record since 2006, 47 were higher than the one before and 1 lower. The latest change was up 0.6% to $0.340 per share, going ex-dividend on Aug 7, 2026.

Ex-dateChangeOld → newMove
Aug 7, 2026Higher$0.338 → $0.340+0.6%
May 8, 2026Higher$0.335 → $0.338+0.9%
Feb 6, 2026Higher$0.333 → $0.335+0.6%
Nov 7, 2025Higher$0.330 → $0.333+0.9%
Aug 8, 2025Higher$0.328 → $0.330+0.6%
May 9, 2025Higher$0.325 → $0.328+0.9%
Feb 7, 2025Higher$0.323 → $0.325+0.6%
Nov 8, 2024Higher$0.320 → $0.323+0.9%
Aug 9, 2024Higher$0.318 → $0.320+0.6%
May 10, 2024Higher$0.315 → $0.318+1.0%
Feb 6, 2024Higher$0.313 → $0.315+0.6%
Oct 27, 2023Higher$0.310 → $0.313+1.0%
Every ET payment →Download every raise and cut (CSV)
ET ex-dividend date & scheduleNext ex-date Nov 6, 2026 · full ex-dividend historyView →ET dividend historyEvery payment, totals by year, raises and cutsView →ET dividend calculator100 shares pay $137.00 a year, $34.25 each quarterCalculate →ET total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is ET a good dividend stock?

Mixed. Energy Transfer LP (ET) pays a quarterly dividend yielding 7.04% ($1.37/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.

Is ET undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ET's fair value is about $24.83 versus a $19.61 share price — so it looks undervalued (+27% vs. fair value).

Is ET's dividend safe?

ET has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is ET's fair value?

Our blended fair-value estimate for ET is about $24.83 per share, roughly 27% above the current $19.61 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ET a buy, hold, or sell?

We don't issue formal ratings, but on the data ET screens as "mixed" and undervalued. Energy Transfer LP (ET) pays a quarterly dividend yielding 7.04% ($1.37/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. This is research for your own analysis, not investment advice.

Will ET cut its dividend?

ET earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ET pay a dividend?

Yes. Energy Transfer LP pays a quarterly dividend of about $1.37 per share annually, a forward yield of roughly 7.04%.

How much dividend does 100 shares of ET pay?

At $1.37 per share a year, 100 shares of ET pay $137.00 a year in dividends before tax, about $34.25 each quarter. Buying them costs about $1,961 at the Nov 5, 2026 price.

What is ET's dividend yield?

As of Nov 5, 2026, ET's forward dividend yield is 7.04%, based on a $1.37 annual dividend and a $19.61 share price.

What is ET's dividend per share?

As of Nov 5, 2026, ET pays $1.37 per share per year, distributed on a quarterly basis.

What is ET's dividend payout ratio?

As of Nov 5, 2026, ET's payout ratio is 91% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has ET grown its dividend?

As of Nov 5, 2026, ET has increased its dividend for 4 consecutive years.

When is the next ET ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for ET is Nov 6, 2026.

Income Calculator

At $1.37 / yr per share

Per payment (quarterly)$34.25
Annual$137.00
Monthly avg$11.42
Full ET dividend calculator →

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