Is Energy Transfer's 18%-Yielding Dividend in Trouble Now that Dakota Access Must Shut Down?

Is Energy Transfer's 18%-Yielding Dividend in Trouble Now that Dakota Access Must Shut Down?

Pipeline giant Energy Transfer (NYSE: ET) got another dose of bad news this week. A U.S. district court judge ordered the company to temporarily shut down and drain its Dakota Access Pipeline (DAPL) by August 5th, pending the outcome of an environmental review. The news sent shares of Energy Transfer and the pipeline's other investors into a tailspin.