MPLX LP (MPLX) Raises Quarterly Dividend 1% to $0.505; 6.5% Yield
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MPLX LP Increases Quarterly Distribution
April 19, 2016 7:06 AM EDTFINDLAY, Ohio, April 19, 2016 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.505 per common unit for the first quarter of 2016. This represents an increase of $0.005 per unit, or 1 percent, over the fourth-quarter 2015 distribution and an increase of $0.095 per unit, or 23 percent, over the first-quarter 2015 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 13 consecutive quarters, representing a compound annual growth rate of 22 percent over the minimum quarterly distribution established at the... More
