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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): Energy Transfer LP (ET) pays a $1.35 annual dividend ($0.34 quarterly), yielding 6.84% at $20.26/share. Next ex-dividend date 2026-08-07. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.84%
Annual Dividend: $1.35 per share
Payout Ratio: 91.4%
Ex-Dividend Date: 2026-08-07
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 21
Energy Transfer LP dividend comes from one of the largest midstream energy networks in the United States, spanning over 50,000 miles of pipelines for natural gas, crude oil, and NGLs. ET currently pays $1.345 per share on a trailing twelve-month basis, with a quarterly payment schedule and an ex-dividend date of August 7, 2026. The current yield stands at 6.56%. With a beta of 0.599, ET stock moves at roughly half the volatility of the broader market, which suits income-focused investors who want high yield without extreme price swings.
Energy Transfer LP pays out 91.4% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's fee-based pipeline and storage operations, which move natural gas, crude oil, and NGLs across tens of thousands of miles of infrastructure serving utilities, industrial end-users, and distribution companies. Energy Transfer LP dividend safety is the central question at this payout level, and the most significant data-supported pressure point is the narrow margin between earnings and the dividend: any meaningful earnings decline leaves little buffer before a cut becomes necessary.
Energy Transfer LP dividend history shows a CAGR of 6.1% per year from 2010 to 2025. Per-share payments grew from $0.54 to $1.315 over that period (with 2026 a partial year and not included in the CAGR calculation). The largest annual increase in the window was 42.0% in 2023, which followed a period of suppressed payouts. The history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +14.8% | $0.87 (2022) | $1.31 (2025) |
| 5-Year | +4.3% | $1.07 (2020) | $1.31 (2025) |
| 10-Year | +2.6% | $1.02 (2015) | $1.31 (2025) |
ET stock fits income-focused investors who prioritize yield over growth predictability. The current yield of 6.56% is classified as high (above 4%), though it sits below the 5-year average of 7.27%, meaning the stock is priced at a modest premium to its own historical norm. The 6.1% annualized dividend growth over 15 years is real, but the path included cuts and recoveries, not a smooth upward line. Four consecutive years of increases is a positive recent signal. What an investor gets here is a high current income stream from essential pipeline infrastructure. What they accept is a 91.4% payout ratio that leaves little room for error.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-07 | $0.3400 |
| 2026-05-08 | $0.3375 |
| 2026-02-06 | $0.3350 |
| 2025-11-07 | $0.3325 |
| 2025-08-08 | $0.3300 |
| 2025-05-09 | $0.3275 |
| 2025-02-07 | $0.3250 |
| 2024-11-08 | $0.3225 |
| 2024-08-09 | $0.3200 |
| 2024-05-10 | $0.3175 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0125 |
| 2025 | $1.3150 |
| 2024 | $1.2750 |
| 2023 | $1.2350 |
| 2022 | $0.8700 |
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