Energy-related services provider Energy Transfer LP (ET) aims to enhance its operative capabilities. In March, the company announced its plans to acquire Lotus Midstream Operations, LLC, for approximately $1.45 billion. This acquisition is expected to expand its footprint in the Permian Basin.
In April, the company also announced an increase in its quarterly dividend from $0.305 per common unit for the fourth quarter of 2022 to $0.3075 per common unit. Its annual dividend of $1.23 yields 9.58% on the current price. Its four-year average dividend yield is 10.34%.
