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Volatility is back, and it's keeping investors on their toes – with many looking for safe havens and stability. Dividend stocks are usually a good place to start. Let’s go over the highest-yielding dividend stock from my recent screening process, Energy Transfer (ET)

I went looking for companies featuring attributes such as strong stability and growth potential, all while providing dependable income today and tomorrow. In Barchart’s Stock Screener, my criteria were as follows:

Dividend Investing Ideas: Best Dividend Stocks - pretty straightforward.
Number of Analysts: 16 or more. I am looking for stocks that are known on Wall Street’s radar. The more analysts covering the stock, the higher the confidence in the sentiment.
Current Analyst Rating: 4.5 or higher. These are stocks that analysts call a “Strong Buy.” Only the best of the best will do today.
Annual Dividend Yield (FWD), %: Left blank. I used this to sort the stocks from highest to lowest.
 

Energy Transfer made the cut. It operates in various parts of the energy supply chain, including the transportation, storage, and marketing of energy and related products, including natural gas and natural gas liquids. It was founded in 1996 and now owns over 125,000 miles of pipelines.

Recently, Entergy Louisiana and Energy Transfer LP signed a 20-year agreement that grants the company the right to deliver reliable natural gas to power facilities in North Louisiana, including Meta Platforms Inc.’s (META) upcoming data center in Richland Parish.

The company pays a forward annual dividend of $1.32, translating to a yield of approximately 8%, the highest among this list. A consensus among 17 analysts rates the stock a “Strong Buy,” a rating consistent over the past three months, with 48% in potential upside based on its $25 high target price.

Recommended Action: Buy ET.

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