Despite dividend cut, Energy Transfer is a bond-like equity
Brian Dress, director of research at Left Brain Investment Research, says that Energy Transfer's strong position -- with oil contracts in place that reduce its exposure to commodity volatility -- make it an attractive bond-like equity, even after the company cut its dividend. He said the current dividend yield of more than 7 percent and the stock's potential to rise make it the kind of income-generating stock that has a place between the fast-growing stocks and aggressive high-yield bonds that Left Brain typically looks for.