Energy Transfer LP
ETEnergy · Stock · quarterly payer
Forward Yield
6.43%
Annual Dividend
$1.36
Payout Ratio
91%
5-Yr Growth
4.3%
Ex-Date
Aug 7, 2026
Frequency
Quarterly
Summary
As of September 2026, Energy Transfer LP (ET) yields 6.43% ($1.36 per share annually), with a blended fair-value estimate of $28.69 — +36% upside, so it screens as undervalued. Dividend safety grade: C (54/100). 4 years of dividend growth.
Is ET a good dividend stock?
MixedEnergy Transfer LP (ET) pays a quarterly dividend yielding 6.43% ($1.36/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
- 122% total price return over 5 years
Risks
- Cut its dividend in 2021
- Elevated payout ratio (91%)
Key Data
- Dividend Yield
- 6.43%
- Payout Ratio
- 91%
- Annual Dividend
- $1.36
- 5-Yr Avg Growth
- 4.3%
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.57
- Market Cap
- $72.8B
- P/E Ratio
- 14.5
- 5-Yr Total Return
- 122%
- 52-Week Range
- $16.18 – $21.84
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
ET Price — Last 12 Months
Daily close
Price Return
1 Year
+26%
3 Years
+61%
5 Years
+122%
52-Week Range
$16.18 – $21.84
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 $28.69 per share, versus a market price of $21.14. That implies 36% of upside — a margin of safety of about 26%.
Fair Value
$28.69
Current Price
$21.14
Upside
+36%
Margin of Safety
26%
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 4.5% annual free-cash-flow growth. We model 6.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.1% discount rate (CAPM), 6.3% stage-1 growth, 2.5% terminal growth, $1.46 EPS, $1.36 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 |
|---|---|---|---|
| Aug 7, 2026 | — | $0.3400 | regular |
| 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 |
Income Calculator
At $1.36 / yr per share
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