uploads/2018/10/ETE-yld-1.jpg

A Look at Energy Transfer Equity’s Current Distribution Yield

By

Updated

Distribution yield

Energy Transfer Equity (ETE) paid a distribution of $0.31 per unit in the third quarter, which shows an annualized distribution of $1.22 per unit for 2018—growth of 6% compared to last year.

Right now, Energy Transfer Equity is trading at a yield of ~7.0%. In the last five years, ETE has increased its distribution by 13% compounded annually.

ETE yld

The chart above compares ETE’s current distribution yield with its five-year average. Note that ETE is currently trading above its historical yield. The surge in its yields in early 2016 was the result of a steep fall in its price driven by weakness in crude oil prices.

Energy Transfer Partners (ETP) is currently trading at a distribution yield of 9.8%. In comparison, the Alerian MLP ETF (AMLP) offers a yield of 7.6%.

You can compare ETE’s dividend yield with midstream C corporation Williams Companies’ yield in Market Realist’s series ETE versus WMB: Comparing Midstream Giants.

More From Market Realist