This 11.5%-Yielding Dividend Stock Is in Great Shape

Last year was one of the most challenging years the energy industry has ever faced. Demand fell off a cliff as the COVID-19 outbreak nearly ground the global economy to a halt. That forced oil and gas producers to shut in wells and shut down their drilling programs, which impacted the volumes flowing into midstream systems, like those operated by master limited partnership Crestwood Equity Partners (NYSE: CEQP).

However, the company navigated those headwinds and ended the year on a high note, enabling it to deliver record earnings and allowing it to take a step forward in a year when most of the energy industry headed in reverse. As a result, it's well positioned to continue its forward progression in 2021, putting its big-time payout on an even firmer foundation.

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Source Fool.com