MPLX LP (MPLX) Raises Quarterly Dividend 6.4% to $0.50; 6.7% Yield
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MPLX LP Increases Quarterly Distribution
January 25, 2016 6:57 AM ESTFINDLAY, Ohio, Jan. 25, 2016 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.50 per common unit for the fourth quarter of 2015. This represents an increase of $0.03 per unit, or 6.4 percent, over the third-quarter 2015 distribution and an increase of $0.1175 per unit, or 30.7 percent, over the fourth-quarter 2014 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 12 consecutive quarters, representing a compound annual growth rate of 24 percent over the minimum quarterly distribution established at the partnership's... More
