What is the next ex-dividend date for ET?
Energy Transfer LP Dividend Information
Energy Transfer LP has an annual dividend of $1.26 per share, with a forward yield of 8.81%. The dividend is paid every three months and the next ex-dividend date is Feb 6, 2024.
Dividend declarations often accompany earnings announcements. Existing shareholders receive the declaration information directly from the company, usually by a notice in the mail. Investing information websites regularly publish upcoming ex-dividend dates, along with the amount of the dividend.
The ex-dividend date or "ex-date" is the day the stock starts trading without the value of its next dividend payment. Typically, this date is one business day before the record date, meaning that an investor who buys the stock on its ex-dividend date or later will not be eligible to receive the declared dividend.
Over the past month, there's been a 5.17% rise in the Zacks Consensus EPS estimate. Energy Transfer LP is currently a Zacks Rank #1 (Strong Buy).
Use the ex-dividend date (and record date) as an investing strategy to get the most dividend returns. Knowing your ex-dividend date, and record date, will help you get full value from your dividends, but trying to make a quick buck buying and selling around key dividend dates is not worth the risk.
If you buy a stock one day before the ex-dividend, you will get the dividend. If you buy on the ex-dividend date or any day after, you won't get the dividend. Conversely, if you want to sell a stock and still get a dividend that has been declared, you need to hang onto it until the ex-dividend day.
The dividend calendar provides a day-to-day view of stocks which are going Ex-Dividend and which stocks will provide a pay-out to aid investors in projecting ownership requirements and income streams.
When it comes to investing for dividends, there are three key dates that everyone should memorize. The three dates are the date of declaration, date of record, and date of payment.
Should I buy before ex-dividend date?
The stock price drops by the amount of the dividend on the ex-dividend date. Remember, the ex-dividend date is the day before the record date. If investors want to receive a stock's dividend, they have to buy shares of stock before the ex-dividend date.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Yes — Any sale that occurs on the ex-dividend date or later will exclude the pending dividend. You will still be the owner of record in the company books when they distribute the payment. So, if you sell a stock on the ex-dividend date, you will still get the dividend about two weeks later.
Energy Transfer Has a Safe Dividend
The company is a master limited partnership (MLP). As such, they're required to pay out a significant portion of their earnings as a dividend.
Based on short-term price targets offered by 13 analysts, the average price target for Energy Transfer LP comes to $17.38. The forecasts range from a low of $14.00 to a high of $21.00. The average price target represents an increase of 20.95% from the last closing price of $14.37.
According to the latest TipRanks data, approximately 71.56% of Energy Transfer LP (ET) stock is held by retail investors. Kelcy Warren owns the most shares of Energy Transfer LP (ET).
Quant Recommendation - ET
Regular payouts for ET are paid quarterly.
Energy Transfer stock price stood at $14.33
According to the latest long-term forecast, Energy Transfer price will hit $15 by the end of 2024 and then $17 by the middle of 2026. Energy Transfer will rise to $20 within the year of 2027, $25 in 2029 and $30 in 2033.
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You must have acquired your shares before the ex-dividend date in order to receive a dividend. If you acquired your shares on or after the ex-dividend date, the previous owner will receive the dividend. Sell your shares on or after the Ex-Dividend Date and you'll receive the dividend.
Why do stocks go down on ex-dividend date?
After a stock goes ex-dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment.
Assess the payout ratio
If a company whose stock you own is losing money but still paying a dividend, it may be time to sell. "Dividend payers in financial straits may try to stave off a dividend cut—which can drive away shareholders—by funding payouts with borrowed funds or dwindling cash reserves," Steve says.
How Long Do I Need to Own a Stock to Collect the Dividend? To collect a stock's dividend you must own the stock at least two days before the record date and hold the shares until the ex-date.
“Dividend capture strategy” returns are the trading technique of buying a stock just before the dividend is paid, holding it just long enough to collect the dividend, then selling it. If you can sell it for as much as you paid, you have “captured” the dividend at no cost, other than the transaction costs.
The price of a dividend-paying stock tends to drift up before the ex-dividend date. In this article, I present 4 possible ways to take advantage of this price anomaly, with different holding periods based on different levels of belief in market efficiency.