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.

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Source Fool.com