Looking for Big-Time Income? Check Out This 9.5%-Yielding Dividend Stock.
Usually, when a dividend yield approaches double digits, it's a sign of potential trouble. It often suggests the market doesn't believe the payout is sustainable and that a cut could be forthcoming.
However, a dividend cut isn't in the cards for (NYSE: MPLX). That's evident in the master limited partner's (MLP) financial results. The company's robust cash flows, strong financial profile, and visible growth recently gave it the confidence to boost its payout by 9.7%, pushing its yield to an eye-popping 9.5%. That likely won't be the last raise it provides investors, making it a great option for those seeking a big-time income stream.
MPLX's diversified midstream operations generate lots of steady cash flow backed by fee-based contracts and government-regulated rate structures. The pipeline company produced nearly $1.4 billion in distributable cash flow during the third quarter, up almost 9% year-over-year. That brought its year-to-date total to almost $4 billion, up 6% compared to the year-ago period.
Source Fool.com
MPLX L.P. Aktie
Mit 13 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung steht die Community der MPLX L.P. Aktie positiv gegenüber.
Für MPLX L.P. sieht die Community ein Kursziel von 42 €, was mehr als das Doppelte des aktuellen Kurses von 11.77 € ausmacht.
