3 Reasons Why Spectra Energy Partners' Stock Is A Strong BuyBack in November 2016, Spectra Energy Partners (NYSE:SEP) was still a very attractive play. The partnership had a low dividend yield of just 5.6% and a payout ratio of less than 70% at the time. The company was focused on deleveraging and selling some assets, and it didn't need to grow its cash flow at all for at least two