This 8.4%-Yielding Dividend Stock Just Added a Huge Fuel Source

Crestwood Equity Partners (NYSE: CEQP) is getting a lot bigger. The master limited partnership (MLP) is acquiring rival Oasis Midstream Partners (NASDAQ: OMP) in a $1.8 billion deal. The combination will create a $7 billion midstream company while significantly increasing its cash flow. That will give it the fuel to grow its already sizable dividend payment. 

Here's a closer look at the deal and what it means for the high-yield dividend stock.

Image source: Getty Images.

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Source Fool.com