This 5.1%-Yielding Dividend Stock Makes a $2 Billion Acquisition to Add More Fuel to Its Dividend Growth Engine
The Motley Fool
DECEMBER 28, 2023
The company hasn't increased its payment every year, but it has grown the payout at a 6% compound annual pace since 2018. It partly funded those deals with the $355 million sale of its Bayou Ethane Pipeline and $533 million in net proceeds from a legal judgment against Energy Transfer relating to its failed acquisition of Williams in 2016.
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