Looking to Boost Your Income? You Have to Check Out This 9.5%-Yielding Dividend Stock
(NYSE: MPLX) is an overlooked income investment. Because of that, investors are missing out on the master limited partnership's (MLP) big-time payout. It currently yields 9.5%, light-years ahead of the S 500's 1.5% dividend yield.
That massive distribution is on a very sustainable foundation. Furthermore, the MLP has an excellent track record of increasing its payout. That makes it a compelling option for those seeking to boost their passive income.
MPLX owns a diversified portfolio of midstream assets. It has a gathering and processing business that supports production in two key oil and gas basins. It also has a logistics and storage segment that transports and stores oil and refined petroleum products. These assets generate relatively predictable cash flow backed by government-regulated rate structures and long-term contracts with high-quality customers, including its parent, refining giant Marathon Petroleum.
Source Fool.com
MPLX L.P. Stock
With 13 Buy predictions and not the single Sell prediction the community is currently very high on MPLX L.P..
With a target price of 42 € there is potential for a 256.84% increase which would mean more than doubling the current price of 11.77 € for MPLX L.P..
