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Investing $1,000 in This Nearly 10%-Yielding Dividend Stock Could Be a Wise Move in June

Investing $1,000 in This Nearly 10%-Yielding Dividend Stock Could Be a Wise Move in June

Energy Transfer (NYSE: ET) doesn't get much respect from the market these days. There's reason for investors to be skeptical of Energy Transfer. Energy Transfer made the tough decision to slash its distribution by 50% in late 2020 to retain more cash to fund expansion projects and repay debt.