This High-Yield Stock Will Finally Give Investors a Raise in 2020
Crestwood Equity Partners (NYSE: CEQP) is nearing an inflection point. The master limited partnership (MLP) is winding down a three-year expansion program that will fuel accelerated cash flow growth in the coming quarters. With cash flow on the rise and capital spending set to fall, it's on track to generate significant free cash flow after paying its 7.2%-yielding distribution next year.
Because of that, the midstream company expects to start boosting the amount of money it delivers to its investors again for the first time since it cut the payout to its current level in 2016. That was clear from the comments of the company's management team on the recent second-quarter conference call.
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Source Fool.com
