MPLX LP (MPLX) Raises Quarterly Dividend 1% to $0.52; 5.5% Yield

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Go back to MPLX LP (MPLX) Raises Quarterly Dividend 1% to $0.52; 5.5% Yield

MPLX LP increases quarterly distribution

January 25, 2017 3:30 PM EST

FINDLAY, Ohio, Jan. 25, 2017 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.52 per common unit for the fourth quarter of 2016. This represents an increase of $0.005 per unit, or 1 percent, over the third-quarter 2016 distribution, an increase of $0.02 per unit, or 4 percent, over the fourth-quarter 2015 distribution, and a 13 percent increase on a full-year basis over 2015 distributions. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 16 consecutive quarters, representing a compound annual growth rate of 19 percent... More