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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): Energy Transfer LP (ET) pays a $1.34 annual dividend ($0.34 quarterly), yielding 6.57% at $20.32/share. Next ex-dividend date 2026-05-08. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.57%
Annual Dividend: $1.34 per share
Payout Ratio: 98.5%
Ex-Dividend Date: 2026-05-08
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 21
Energy Transfer LP is one of the largest midstream energy infrastructure operators in the United States, and the Energy Transfer LP dividend currently yields 6.91%. ET operates roughly 11,600 miles of intrastate natural gas pipelines and 19,830 miles of interstate transport, alongside NGL pipelines, fractionation facilities, and crude oil terminalling. Shareholders receive $1.3350 per share annually, paid quarterly, with the next ex-dividend date on May 8, 2026. At a beta of 0.545, ET stock moves at roughly half the volatility of the broader market, which suits income-focused investors who prioritize yield over price swings.
Energy Transfer LP pays out 98.5% of earnings as dividends, a payout ratio classified as high (above 75%). That level is sustained by the sheer scale of ET's fee-based infrastructure: over 31,000 miles of natural gas pipelines, NGL storage capacity of roughly 67 million barrels, and a customer base spanning electric utilities, industrial end-users, and local distribution companies that depend on this network for ongoing supply. Energy Transfer LP dividend safety is the central question for income investors here, and the 98.5% payout ratio leaves almost no earnings buffer if volumes or contract terms shift. Any meaningful revenue disruption would put the current payout under pressure with little room to absorb it.
Energy Transfer LP dividend history shows a CAGR of 6.1% per year from 2010 to 2025. The per-share annual dividend grew from $0.5400 to $1.3160 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 42.1% in 2023, which followed a sharp cut in 2020 and a partial recovery year in 2021. That spike reflects a rebound, not a new baseline growth rate. The history also contains at least one year-over-year decline exceeding 5%, so the 6.1% CAGR masks real volatility in the payout over time.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +14.8% | $0.87 (2022) | $1.32 (2025) |
| 5-Year | +4.3% | $1.07 (2020) | $1.32 (2025) |
| 10-Year | +2.6% | $1.02 (2015) | $1.32 (2025) |
ET stock is built for income-focused investors who want a high current yield from essential energy infrastructure and can accept an elevated payout ratio. The yield of 6.91% is classified as high (above 4%) and sits well above ET's own 5-year average of 5.49%, meaning today's yield is historically elevated relative to where this stock has traded. Four consecutive years of dividend increases show recent momentum, but the 98.5% payout ratio means that momentum depends on the business generating enough cash to sustain it. What an investor gets here is a large, fee-based midstream network paying out nearly all of its earnings. What they accept is limited financial cushion and a dividend history that includes past cuts.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-08 | $0.3375 |
| 2026-02-06 | $0.3350 |
| 2025-11-07 | $0.3330 |
| 2025-08-08 | $0.3300 |
| 2025-05-09 | $0.3280 |
| 2025-02-07 | $0.3250 |
| 2024-11-08 | $0.3230 |
| 2024-08-09 | $0.3200 |
| 2024-05-10 | $0.3180 |
| 2024-02-06 | $0.3150 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.6725 |
| 2025 | $1.3160 |
| 2024 | $1.2760 |
| 2023 | $1.2360 |
| 2022 | $0.8700 |
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