Sunday, October 18, 2015

Recent Buy - ETP


I purchased 25 shares of Energy Transfer Partners LP (ETP) on 10/16/15 for $46.719 per share. Total spend including a $7 transaction fee = $1,174.98. 

This is a new position and the intention is to buy another 25 shares if ever I get a lower price.

Dividend Yield = 8.86%
Annual Payout = $4.14
Payout Ratio = 517.5%
Dividend Growth = 2 years
52 Week High = 11/18/2014| 69.66
% Off 52 Week High = (32.74)%
Beta (5 Yr) = 1.04
Payable = $1.035 - QRTR



Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP's subsidiaries include Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union Company) and Lone Star NGL LLC, which owns and operates natural gas liquids storage, fractionation and transportation assets. In total, ETP currently owns and operates approximately 62,500 miles of natural gas and natural gas liquids pipelines. ETP also owns the general partner, 100% of the incentive distribution rights, and approximately 67.1 million common units in Sunoco Logistics Partners L.P. (NYSE:SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. Additionally, ETP owns approximately 51% of the limited partner interests in Sunoco LP (formerly Susser Petroleum Partners LP) (NYSE:SUN), a wholesale fuel distributor and convenience store operator. ETP's general partner is owned by Energy Transfer Equity, L.P. (NYSE:ETE).

This purchase adds $103.50 to my annual dividend income, based on the current $1.035 quarterly dividend.

My dividend stock portfolio will pay $962.06 in dividends over the next 12 months.

1 comment:

  1. Nice buy with ETP. I used to own ETP, KMP and EPD a while back but sold after a nice appreciation in price. Probably would have been better off just holding and collecting those dividends. Anything energy is still selling at a nice discount. Thanks for sharing.

    ReplyDelete