USDP - USD Partners: High Yield Back In Growth Mode A 8% Yield Now But 20%+ Coming

• USD Partners has put its already high distribution yield back into growth mode and even could possibly provide a massive 20% yield on current cost one day in the future.
• Its cash flow performance remained solid during the first quarter of 2021 and even increased further, which continues providing them with very strong distribution coverage.
• Management has indicated a will to continue pushing its distributions higher and given its solid financial performance, it would not be surprising to see its growth rate increase.
• It is currently trading with a free cash flow yield of almost 28% and thus it could provide a massive 20%+ distribution yield on current cost one day in the future.
• Since it is sporting all of the attributes required to see material distribution growth in the future, it should be no surprise that my rating is remaining bullish.

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