Energy Transfer Partners, a natural gas company, will pay a dividend of $0.59 on April 14 to holders as of Wednesday, March 22. In comparison to most of the energy sector, ETP can be seen as a safe (defensive) stock thanks to its hold steadier assets to moderate the ups and downs.

Energy Transfer Partners was formed by the January 2004 merger between Heritage Propane and Energy Transfer, a company that operates gathering and transportation pipelines. It has 11,700 miles of pipe and three major energy storage centers in its portfolio and serves 700,000 propane customers in rural areas of 34 states.
Energy Transfer’s asset mix allows it to generate steady cash flows no matter where the mercury is, as well as better manage costs than the typical propane distributor. It’s also the only propane LP to be awarded an investment grade credit rating, BBB- from Fitch.

This entry was posted on Wednesday, March 8th, 2006 at 12:39 am and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.