By combining buyback and dividend yields, investors can get a better sense of total shareholder yields for MLPs/midstream.
Dividends remain the primary method for returning capital in the energy infrastructure sector, with payouts poised for continued growth.
Buyback strategies vary across the space, with aggregate MLP repurchases shrinking while broader midstream buybacks reached multi-year highs driven by Cheniere.
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By Kyle Richards
Total shareholder yields combine dividends and buybacks to create a more complete view of returns to shareholders. Backed by stable cash flows from fee-based businesses, the energy infrastructure sector continues to rely on dividends
