Another Monster Energy Dividend Takes a Hit
Add Western Midstream Partners (NYSE: WES) to the list of the energy sector's dividend casualties. With crude oil prices continuing to crater, the master limited partnership (MLP) is taking action to preserve cash amid the sector's worsening downturn, including slashing its sizable payout by 50%.
It's another tough break for income investors. The sector, which had treated investors to lavish payouts over the years, has been doing nothing but taking them away this year.
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Source Fool.com
