MPLX LP (MPLX) Raises Quarterly Dividend 4.4% to $0.5875; 7.3% Yield

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Go back to MPLX LP (MPLX) Raises Quarterly Dividend 4.4% to $0.5875; 7.3% Yield

MPLX LP increases quarterly distribution

October 25, 2017 3:07 PM EDT

FINDLAY, Ohio, Oct. 25, 2017 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.5875 per common unit for the third quarter of 2017. This represents an increase of $0.025 per unit, or 4 percent, over the second-quarter 2017 distribution, and an increase of $0.0725 per unit, or 14 percent, over the third-quarter 2016 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 19 consecutive quarters, representing a compound annual growth rate of 18 percent over the minimum quarterly distribution established at the partnership's... More