10 Dividend Stocks That Pay More Than the US Average Rental Yield

6. Energy Transfer LP (NYSE:ET)

Dividend Yield: 6.90%

No. of Hedge Funds: 37

Texas-based company, Energy Transfer LP (NYSE:ET) is a leading midstream energy company engaged in the transportation, storage, and processing of natural gas, crude oil, and refined products. The company specifically focuses on infrastructure and operates an extensive pipeline network. Large-scale acquisitions and asset integration forms part of its business strategy to survive the market competition. The company’s business operations reach more than 40 U.S. states, Puerto Rico, Europe, and Mexico.

With a dividend yield of 6.90%, Energy Transfer LP (NYSE:ET) attracts dividend-seeking investors looking to adjust their portfolios. The adjusted EBITDA for 2024 stands at $15.5 billion, exceeding the value in 2023 by over 13%. In addition to achieving record volumes across its Interstate, Midstream, NGL, and Crude segments, Energy Transfer LP also reported record NGL exports from its terminals as well. The 20-year LNG sales and purchase agreement with Chevron further suggests high growth for its Lake Charles LNG project, empowering the company to cover its dividend payments.

Energy Transfer LP (NYSE:ET) had significant hedge fund interest at the end of Q4 2024, with 37 funds from the Insider Monkey database currently holding positions, suggesting strong institutional backing. Analysts have assigned a Buy rating with the 1-year median price target of $23, indicating a 23.66% upside potential. Shareholders can purchase stock before May 09, 2025, to qualify for the next dividend payments.