When screening for high dividend-yielding stocks, Energy Transfer (NYSE: ET) comes up.
After all, the shares yield 6.7%, which puts it near the top of most lists
That’s a particularly attractive yield compared to the overall stock market. It’s 6 times the S&P 500 index’s 1.1% yield. But investing in dividend stocks isn’t that simple, of course.
If it were, you could just buy the highest dividend-yielding stocks. It takes more work to better understand the company, including examining its fundamentals to determine whether it can afford the current dividends. History lesson Before taking a look ahead to see about future payouts, it’s worthwhile to take a step back.