Why I Keep Padding My Position in This Prodigious Passive-Income Producer
The Motley Fool
JULY 11, 2023
The midstream giant made the difficult decision to slash its payout by 50% in 2020 to retain additional cash for debt reduction. The company recently achieved its targeted leverage ratio of 4.0 The company structured the deal so that it would be leverage neutral. That deleveraging strategy has been a success. It spent $1.45
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