Current Yield
6.94%
TTM Dividend/Share
$1.33
Payment Frequency
Quarterly
Payout Ratio
99.6%
Consecutive Growth Years
5 (Dividend Challenger)
Key takeaways
- Dividend Challenger — Energy Transfer LP (ET) has raised its dividend for 5 consecutive years.
- Energy Transfer LP (ET) currently yields 6.94%, paying $1.33 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 99.6% — the share of earnings distributed as dividends.
- 3 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 4.26%.
Dividend yield valuation for Energy Transfer LP (ET)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 6.94% |
1-year average yield | 7.85%now 0.91 pp below |
3-year average yield | 8.18%now 1.24 pp below |
5-year average yield | 8.26%now 1.32 pp below |
ET: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Energy Transfer LP (ET)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 11.2% |
FCF payout ratio | 32.1% |
Net debt / EBITDA | 4.8x |
Interest coverage | 2.87x |
ROIC (TTM) | 8.0% |
Dividend safety score for Energy Transfer LP (ET)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
3 of 8 checks passed
Payout ratio below 75%
Payout ratio is 99.6%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-1.1B — FCF does not fully cover the payout.
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 32.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (4.3%) ≤ EPS growth (10.3%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
81 payments from 2006 to 2026 · Adj. Dividend is split-adjusted
| May 8, 2026 | May 20, 2026 | $0.3375 | $0.3375 |
| Feb 6, 2026 | Feb 19, 2026 | $0.3350 | $0.3350 |
| Nov 7, 2025 | Nov 19, 2025 | $0.3325 | $0.3325 |
| Aug 8, 2025 | Aug 19, 2025 | $0.3300 | $0.3300 |
| May 9, 2025 | May 20, 2025 | $0.3275 | $0.3275 |
| Feb 7, 2025 | Feb 19, 2025 | $0.3250 | $0.3250 |
| Nov 8, 2024 | Nov 19, 2024 | $0.3225 | $0.3225 |
| Aug 9, 2024 | Aug 19, 2024 | $0.3200 | $0.3200 |
| May 10, 2024 | May 20, 2024 | $0.3175 | $0.3175 |
| Feb 6, 2024 | Feb 20, 2024 | $0.3150 | $0.3150 |
| Oct 27, 2023 | Nov 20, 2023 | $0.3125 | $0.3125 |
| Aug 11, 2023 | Aug 21, 2023 | $0.3100 | $0.3100 |
- May 8, 2026$0.3375
- Feb 6, 2026$0.3350
- Nov 7, 2025$0.3325
- Aug 8, 2025$0.3300
- May 9, 2025$0.3275
- Feb 7, 2025$0.3250
- Nov 8, 2024$0.3225
- Aug 9, 2024$0.3200
- May 10, 2024$0.3175
- Feb 6, 2024$0.3150
- Oct 27, 2023$0.3125
- Aug 11, 2023$0.3100
Historical dividend yield for Energy Transfer LP (ET)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 7.85%5Y: 8.26%10Y: 8.66%
Dividend per share for Energy Transfer LP (ET)
CAGR (per year)1Y: 3.14%5Y: 4.26%10Y: 2.57%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 2006 | $0.15 | 3 |
| 2007 | $0.36 | 4 |
| 2008 | $0.49 | 4 |
| 2009 | $0.53 | 4 |
| 2010 | $0.54 | 4 |
| 2011 | $0.59 | 4 |
| 2012 | $0.63 | 4 |
| 2013 | $0.65 | 4 |
| 2014 | $0.75 | 4 |
| 2015 | $1.02 | 4 |
| 2016 | $1.14 | 4 |
| 2017 | $1.15 | 4 |
| 2018 | $1.22 | 4 |
| 2019 | $1.22 | 4 |
| 2020 | $1.07 | 4 |
| 2021 | $0.61 | 4 |
| 2022 | $0.87 | 4 |
| 2023 | $1.24 | 4 |
| 2024 | $1.27 | 4 |
| 2025 | $1.31 | 4 |
| 2026 | $0.67 | 2 |
Dividend growth for Energy Transfer LP (ET)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $1.3150 | — | — |
| 2025 | $1.2750 | $1.3150 | +3.1% |
| 2024 | $1.2350 | $1.2750 | +3.2% |
| 2023 | $0.8700 | $1.2350 | +42.0% |
| 2022 | $0.6100 | $0.8700 | +42.6% |
| 2021 | $1.0675 | $0.6100 | -42.9% |
| 2020 | $1.2200 | $1.0675 | -12.5% |
| 2019 | $1.2200 | $1.2200 | 0.0% |
| 2018 | $1.1500 | $1.2200 | +6.1% |
| 2017 | $1.1400 | $1.1500 | +0.9% |
| 2016 | $1.0200 | $1.1400 | +11.8% |
| 2015 | $0.7501 | $1.0200 | +36.0% |
| 2014 | $0.6519 | $0.7501 | +15.1% |
| 2013 | $0.6250 | $0.6519 | +4.3% |
| 2012 | $0.5875 | $0.6250 | +6.4% |
| 2011 | $0.5400 | $0.5875 | +8.8% |
| 2010 | $0.5263 | $0.5400 | +2.6% |
| 2009 | $0.4875 | $0.5263 | +7.9% |
| 2008 | $0.3648 | $0.4875 | +33.7% |
| 2007 | — | $0.3648 | — |
- 2026—
- 2025$1.3150
- 2024$1.2750
- 2023$1.2350
- 2022$0.8700
- 2021$0.6100
- 2020$1.0675
- 2019$1.2200
- 2018$1.2200
- 2017$1.1500
- 2016$1.1400
- 2015$1.0200
- 2014$0.7501
- 2013$0.6519
- 2012$0.6250
- 2011$0.5875
- 2010$0.5400
- 2009$0.5263
- 2008$0.4875
- 2007$0.3648
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Energy Transfer LP (ET) Key Financials
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