MPLX LP (MPLX) Raises Quarterly Dividend 1% to $0.51; 6.1% Yield

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Go back to MPLX LP (MPLX) Raises Quarterly Dividend 1% to $0.51; 6.1% Yield

MPLX LP increases quarterly distribution

July 22, 2016 6:58 AM EDT

 

FINDLAY, Ohio, July 22, 2016 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.51 per common unit for the second quarter of 2016. This represents an increase of $0.005 per unit, or 1 percent, over the first-quarter 2016 distribution and an increase of $0.07 per unit, or 16 percent, over the second-quarter 2015 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 14 consecutive quarters, representing a compound annual growth rate of 21 percent over the minimum quarterly... More