Trailing Dividend / Share
$1.29
Energy Transfer LP (ET) Dividend History
Income profile from 2006 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
6.5%
Payout Ratio
96.4%
At Risk
Dividend Streak
4 years
ET Dividend Income Check
Safety
96.4% payout ratio with at risk safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 21.6% and trend is rising.
ET Dividend Scorecard
Yield & Income
Dividend Yield6.5%
Trailing DPS$1.29
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout96.4%
Earnings SafetyAt Risk
FCF Payout115.8%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak4 years
3Y CAGR14.8%
5Y CAGR4.3%
Yield on Cost (5Y)21.6%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield6.5%
1Y Total Return34.1%
5Y Total Return175.6%
Div Contribution (5Y)59.6%
Estimated $10K growth (return + dividends):
5Y ago$27,56310Y ago$23,75420Y ago$55,139
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). ET's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
ET Income Growth Story
Dividend per share and yield on cost over time (21 years of payments)
ET Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Energy Transfer LP distributes 96.4% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 115.8%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
ET has raised its dividend for 4 consecutive years, with a 3-year CAGR of 14.8% and 5-year CAGR of 4.3%.
Total Shareholder Returns
Beyond cash dividends, ET returns capital through share repurchases. The combined picture: 6.5% dividend yield, 6.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 21.6% and is currently rising. The 5-year total return is 175.6%, with dividends contributing 59.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $23,754 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
ET Recent Dividend Payments
Last 20 payments · Annual
TTM Total$5.49
Avg/Payment$0.2744
Latest Change+0.8%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Feb 6, 2026Latest | $0.3350 | ↑ +0.8% | 7.39% | Feb 19, 2026 |
| Nov 7, 2025 | $0.3325 | ↑ +0.8% | 7.99% | Nov 19, 2025 |
| Aug 8, 2025 | $0.3300 | ↑ +0.8% | 7.55% | Aug 19, 2025 |
| May 9, 2025 | $0.3275 | ↑ +0.8% | 7.52% | May 20, 2025 |
| Feb 7, 2025 | $0.3250 | ↑ +0.8% | 6.45% | Feb 19, 2025 |
| Nov 8, 2024 | $0.3225 | ↑ +0.8% | 7.37% | Nov 19, 2024 |
| Aug 9, 2024 | $0.3200 | ↑ +0.8% | 8.08% | Aug 19, 2024 |
| May 10, 2024 | $0.3175 | ↑ +0.8% | 7.87% | May 20, 2024 |
ET Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
6.5%
#3 of 9
Safety
At Risk
96.4% payout
Streak
4Y
4.3% 5Y CAGR
Total Shareholder
6.5%
#3 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd ETEnergy Transfer LP | $68.4B | 6.5% | 96.4% | 4 | At Risk |
 EPDEnterprise Products … | $81.2B | 5.7% | 80.5% | 15 | Watch |
 PAAPlains All American … | $15.6B | 5.7% | 1.2% | 3 | Sustainable |
1st  WESWestern Midstream Pa… | $16.8B | 8.6% | 1.2% | 4 | Sustainable |
2nd  MPLXMPLX Lp | $56.5B | 7.1% | 81.8% | 3 | Watch |
 KMIKinder Morgan, Inc. | $70.3B | 3.7% | 85.2% | 9 | At Risk |
 OKEONEOK, Inc. | $53.9B | 4.8% | 76.1% | 22 | Watch |
 WMBThe Williams Compani… | $90.2B | 2.7% | 93.3% | 8 | At Risk |
 TRPTC Energy Corporatio… | $68.2B | 3.8% | 99.7% | 0 | At Risk |
ET Annual Dividend History (2004–2026)
23 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.34 | — | 1 | — | — | — | 5.5% |
| 2025 | $1.32 | 3.1% | 4 | $1.35 | 97.4% | 1.03x | 21.6% |
| 2024 | $1.28 | 3.2% | 4 | $1.28 | 99.6% | 1.00x | 20.9% |
| 2023 | $1.24 | 42.0% | 4 | $1.09 | 113.3% | 0.88x | 20.2% |
| 2022 | $0.87 | 42.6% | 4 | $1.40 | 62.1% | 1.61x | 14.3% |
| 2021 | $0.61 | -42.9% | 4 | $1.89 | 32.3% | 3.10x | 10.0% |
| 2020 | $1.07 | -12.5% | 4 | $-0.24 | — | — | 17.5% |
| 2019 | $1.22 | 0.0% | 4 | $1.33 | 91.7% | 1.09x | 20.0% |
| 2018 | $1.22 | 6.1% | 4 | $1.16 | 105.2% | 0.95x | 20.0% |
| 2017 | $1.15 | 0.9% | 4 | $0.80 | 143.7% | 0.70x | 18.9% |
Full ET Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See ET's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ET Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ET vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonET — Frequently Asked Questions
Quick answers to the most common questions about buying ET stock.
How much dividend does ET pay per share?
Energy Transfer LP (ET) pays a trailing 12-month dividend of $1.29 per share, with a current dividend yield of +6.5%. Payments are made Annual.
When is ET's next ex-dividend date?
ET's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. ET typically pays dividends Annual.
Is ET's dividend safe?
ET's dividend safety is rated "At Risk" based on an earnings payout ratio of +96.4% and FCF payout ratio of +115.8%. The 4-year growth streak provides moderate confidence.
Is ET a Dividend Payer?
Yes, Energy Transfer LP is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +4.3%, demonstrating modest dividend growth.
How often does ET pay dividends?
Energy Transfer LP pays dividends Annual. The trailing 12-month total is $1.29 per share. Dividend data on this page covers 20+ years from 2006 to 2026.
How much would $10,000 invested in ET grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in ET five years ago would be worth approximately $27,563 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is ET's yield on cost for long-term holders?
ET's yield on cost — the current dividend divided by the original purchase price — is +21.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +6.5% market yield, thanks to consistent dividend growth.