This 17%-Yielding Energy Stock Believes It Can Sustain Its Monster Dividend
This year's downturn in the energy market has taken a growing number of dividends down with it, including several notable payouts. However, a few monster energy-fueled dividends remain intact, including the nearly 17%-yielder from MLP Crestwood Equity Partners (NYSE: CEQP). While the double-digit yield suggests the market believes a cut is inevitable, Crestwood continues to think it can maintain its current distribution level.
The company backed that view by recently reporting reasonably solid third-quarter numbers and unveiling a fairly optimistic glimpse of what's ahead in 2021.
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Source Fool.com
