Energy Transfer (NYSE:ET) has announced an uplift in its quarterly cash distribution, declaring a payment of $0.3175 per common unit for the first quarter ended March 31, 2024.
This adjustment translates to an annualized rate of $1.27 and represents a 3.3% increase from the distribution rate of the first quarter of 2023.
Unitholders of record at the close of business on May 13, 2024, will be eligible for the distribution, which is scheduled to be paid on May 20, 2024.
Furthermore, Energy Transfer has confirmed that it will release its first-quarter earnings for 2024 on Wednesday, May 8, 2024.