14% Yield, No K-1, Management Reaffirms 2020 Distributions

Looking for some income in August? It's a big month for dividends, with many high dividend stocks going ex-dividend and paying out. The company recently reported Q2 20 earnings. Current yield is 14.37%, with 1.59X coverage. Management confirmed steady dividends and much higher free cash flow for the second half of 2020.

Rattler Midstream LP (RTLR) IPO'd in May 2019. It owns, operates, develops, and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin in West Texas. The company provides crude oil, natural gas, and water-related midstream services to Diamondback Energy, Inc. (FANG). It owns and operates 528 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system on acreage that overlays Diamondback's six core Midland and Delaware Basin development areas.

Source: Seeking Alpha

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