Looking for dividend/distribution growth in the high-yield space? The management at CNX Midstream Partners LP (CNXM) continues to commit to 15% distribution growth through 2023:
"We are reaffirming our 15% annual distribution growth as the target through 2023." (Source: Q3 '19 earnings call)
They've continued to deliver on their 15% growth target over the most recent four quarters, thanks to a large 42.67% growth in distributable cash flow - DCF. Management also has kept the unit count flat, which also has helped:
Performance:
However, in spite of this, CNXM has underperformed the