RTLR - Why Retirees Won't Want to Overlook This Fast-Growing Dividend Stock
Rattler Midstream (NASDAQ: RTLR) has been a public company for only a few months. However, the midstream company has made quite a first impression. Not only did it deliver a strong first earnings report, but it also secured two needle-moving growth opportunities. Because of that, the company appears poised to produce strong growth in the coming years. Add that to the attractive dividend it intends on paying, and retirement-focused investors won't want to overlook this opportunity.
Rattler Midstream completed its IPO in late May and has been quite busy since then. It released its first earnings report as a public company in early August, where it gave investors a glimpse of its growth potential. All four of the company's midstream businesses (produced water, fresh water, crude oil gathering, and natural gas gathering) delivered strong volume growth, with all but the crude oil segment reporting a triple-digit year-over-year increase. That helped drive adjusted EBITDA up 161% from last year's second quarter and 11% above the first quarter's level.
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