Energy Transfer (NYSE: ET) is popular among income-oriented investors with a 7.4% yield and growing distribution. The company is entering a new growth phase, announcing a $5.3 billion natural gas pipeline project and progress on its Lake Charles LNG project. Second-quarter results showed a 3% growth in adjusted EBITDA, but full-year guidance was slightly reduced. Despite this, Energy Transfer expects strong growth with a robust yield and plans to grow its distribution by 3-5% annually. With a cheap valuation and many growth projects ahead, Energy Transfer is a great option for investors.

Read more at Nasdaq: Energy Transfer: Is This High-Yield Stock a Buy as Growth Projects Pile Up?