I think that ETP's failure to raise dividends few years has not been well received. But, ETP has been using it's money to make major acquisitions, including SUN. With all the action going on from the shale deposits' development, now is the time to expand. I think ETPs management made the right choice. Hopefully they are nearing the end of the acquisition stage, and will now start to get increased earnings from the acquisitions, which will turn into dividend increases. At over 8% dividend, I have no problem waiting. People who are complaining about the lack of capital appreciation are in the wrong stock. ETP is an income stock, and it's doing just fine in that department.
Not only have they not raised distribution, but they keep diluting the stock with SPOs ever 6 months or so keeping a lid on share price. I bought and will hold for the yield and hopefully some price appreciation to mid 50s again at which time I will dump repeat.
This sucks for SUN holders. You guys get the div and were pegged to your pps which goes down after div dispersal. ETP RELEASE SUN your killing us. I used to trade SUN now it's dead money ubtil the buy out is over. If ETP would just actually go up like the market to say 48 I'd sell SUN and even out. I'm sure ETP is great if your holding forever and taking the dividends like a bond fund but for a trader it's slow death. Oh well.