This 11.4%-Yielding Dividend Looks Rock-Solid in 2021
Usually, a dividend yield above 10% is a huge red flag. However, that's not the case for MPLX (NYSE: MPLX). Despite continued headwinds in the energy market, the MLP is generating more than enough cash to cover its current payout and expansion program, which was evident in its fourth-quarter report and outlook for 2021.
Add that to its healthy balance sheet, and its big-time payout appears to be on rock-solid ground.
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Source Fool.com
