In today’s market, a 7.7% dividend yield is nothing to sneeze at. What’s more is that the company behind this yield is determined to raise its payout at 20% annually. And this is not some “too good to be true” yield opportunity that could go down the drain at any moment. The 7.7% yield I’m looking at is actually backed by a rock-solid business. Let me explain...
The stock in question is Oasis Midstream Partners LP (NYSE:OMP), a master limited partnership headquartered in Houston, Texas. To most people, OMP does not sound like a familiar name because the partnership does not sell a product or service to consumers directly. Instead, it was created by Oasis Petroleum Inc. (NYSE:OAS) to own, develop, operate, and acquire a diversified portfolio of midstream assets in North America.
Source: Income Investor
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