RTLR - Rattler Midstream: Big Dividend Increase With Even More To Follow

• The small and relatively underfollowed Rattler Midstream has rewarded their unitholders with an impressive 25% increase to their already high-yielding distributions.
• After a rough first quarter of 2021, they saw very strong performance during the second quarter with their operating cash flow rebounding.
• When combined with their further capital expenditure reductions, they have ample free cash flow to not only cover their new distribution payments but also see even more growth.
• They also saw their net debt plunge by an impressive 10% during the second quarter of 2021 alone, which helps strengthen their already healthy financial position.
• Despite being named after a deadly snake, this rattler should not poison your portfolio and thus I still believe that my bullish rating is appropriate.

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