Energy Transfer has increased its distribution by more than 3% over the past year, pushing its yield above 7%. The MLP can easily cover its higher payment and has plans for continued growth. With a strong financial profile and expansion projects in the pipeline, Energy Transfer is in a solid position to increase its high-yielding payout. The company recently declared a cash distribution increase, aligning with its target of 3% to 5% growth annually. The MLP is investing in projects to enhance its natural gas network and secure additional growth opportunities, making it an attractive passive income investment.

Read more at Nasdaq: Energy Transfer Continues to Boost its More Than 7%-Yielding Dividend