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USD Partners (USDP) was on a tear prior to the reduction in oil demand, and the Saudi-Russian oil price war that was triggered amid the prevailing pandemic. The company's dividend profile had seen 19 consecutive dividend hikes until recently, when USDP slashed its quarterly payout by ~70% QoQ in an attempt to reduce its towering debt in these shaky times; which is a good management decision, in my view. However, this ended the prolonged era of dividend hikes.
The oil market crash had a devastating impact on the share price which tanked