This High-Yield Dividend Stock Just Keeps Getting Better
Crestwood Equity Partners (NYSE: CEQP) is in the midst of a three-year program to expand its various midstream systems to support the projected growth of its producing customers. Those investments are already starting to pay dividends, which was evident in the company's second-quarter results.
Meanwhile, with the master limited partnership (MLP) expected to finish up its current expansion phase early next year, it's on track to generate significantly more free cash flow. That could enable it to return even more cash to investors above its 6.6%-yielding dividend.
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