Oasis Midstream Partners increases dividend

Oasis Midstream Partners declared the quarterly cash distribution of $0.515 per unit for 3Q 2019, an approximate 5% increase from 2Q 2019.  OMP distribution coverage for 3Q 2019 was 2.0x. Distribution coverage exceeded the top-end of 3Q 2019 guidance of 1.8x to 1.9x. Good distribution coverage leaves rooms for additional increases. Looking good.

Since I own 70 shares of OMP, this change will increase my 12 month forward dividends by $7.00