Want to Generate Investment Income? Check Out This 8.8%-Yielding Dividend Stock
Income-seekers have many more investment options now that interest rates are higher. One they won't want to overlook is (NYSE: MPLX). The master limited partnership (MPL) currently yields 8.8%. The energy midstream company's monster payout is on an extremely firm foundation.
That was evident in its recently reported second-quarter results. Here's why MPLX is such an attractive option for income-seekers these days.
MPLX generated more than $1.3 billion in distributable cash flow during the second quarter and almost $2.6 billion through the first half of the year (6% higher than the year-ago level). That's free cash the MLP can use as it sees fit, including distributing it to investors.
Source Fool.com
MPLX L.P. Aktie
11,77 €
3,17 %
Einseitige Zustimmung für MPLX L.P. mit mehreren Buy- und keiner Sell-Einschätzung.
Bei einem durchschnittlichen Kursziel von 42 € für MPLX L.P., wäre dies mehr als eine Verdopplung des aktuellen Kurses von 11.77 €.
