11% Yield, 15% Distribution Growth Through 2020, 18 Straight Hikes

Looking for dividend/distribution growth in the high-yield space? The yield is 11.14% with 1.48X coverage. Management is committed to a 15% distribution growth through 2023. Management has raised the quarterly distribution 18 straight quarters.

The management at CNX Midstream Partners LP (CNXM) continues to commit to 15% distribution growth through 2023: "We are reaffirming our 15% annual distribution growth as the target through 2023." They've continued to deliver on their 15% growth target over the most recent four quarters, thanks to a large 42.67% growth in distributable cash flow - DCF. Management also has kept the unit count flat, which also has helped.

Source: Seeking Alpha

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