This Ultra-High-Yield Stock Sees More Growth Ahead
Western Midstream (NYSE: WES) pays its investors an eye-popping dividend that currently yields more than 11%. Two factors have driven the master limited partnership's yield up that high. First, it has shed more than 25% of its value this year, in part because of some issues that emerged during the second quarter. Despite those problems, Western Midstream's earnings continue to grow, which has enabled it to keep increasing its distribution.
Western Midstream sees more growth ahead, which was one of the key takeaways from its recent third-quarter earnings report. Here's a look at those numbers, as well as what's ahead for this high-yielding energy company.
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Source Fool.com
