OMP is one of the smaller companies in our High Yield Income Portfolio, but has a lot of growth locked in. For those of you investing for dividends, this one is definitely worth a look. OMP has plenty of DCF coverage and their plan is to increase dividends by 5% per quarter (over 20% per year) through at least 2021. Based on their Q4 2018 distribution (paid in February) the annual yield is 8.7% today.
It is EXTREMELY IMPORTANT that you understand the relationship between OAS and OMP, so read both profiles. Both profiles are now on our website.
OMP is an MLP.
Oasis Midstream Partners LP (OMP) for Growth + High Yield
Oasis Midstream Partners LP (OMP) for Growth + High Yield
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group