High Dividend Stock Yields 14%, Has 9 Straight Dividend Hikes, Strong Long-Term Opportunity

Are you looking to take advantage of the market pullback to lock in some high dividend yields? Energy Transfer Partners (NYSE:ETP) has been pummeled by the market, so much so that it is now yielding far above its historical levels.

The distributable cash flow to ETE and ETP from this project is estimated to be in excess of $1B/year. The project is expected to cost $10.9B in total, with around $8.6B unlevered, with no capital or credit support from ETE or ETP required for construction funding. ETP owns all of the pipelines that will service this facility.

Source: Seeking Alpha

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