MPLX LP (MPLX) Raises Quarterly Dividend 6.8% to $0.47; 4.9% Yield
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MPLX LP Increases Quarterly Distribution
October 20, 2015 6:21 AM EDTFINDLAY, Ohio, Oct. 20, 2015 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.47 per common unit for the third quarter of 2015. This represents an increase of $0.03 per unit, or 6.8 percent, over the second-quarter 2015 distribution and an increase of $0.1125 per unit, or 31.5 percent, over the third-quarter 2014 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 11 consecutive quarters, representing a compound annual growth rate of 23.6 percent over the minimum quarterly distribution... More
