MPLX LP (MPLX) Raises Quarterly Dividend 3.8% to $0.54; 5.9% Yield

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Go back to MPLX LP (MPLX) Raises Quarterly Dividend 3.8% to $0.54; 5.9% Yield

MPLX LP increases quarterly distribution

April 26, 2017 1:23 PM EDT

FINDLAY, Ohio, April 26, 2017 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.54 per common unit for the first quarter of 2017. This represents an increase of $0.02 per unit, or 4 percent, over the fourth-quarter 2016 distribution, and an increase of $0.035 per unit, or 7 percent, over the first-quarter 2016 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 17 consecutive quarters, representing a compound annual growth rate of 19 percent over the minimum quarterly distribution established at the partnership's... More