MPLX LP (MPLX) Raises Quarterly Dividend 3.4% to $0.6075; 6.3% Yield
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MPLX LP increases quarterly distribution
January 26, 2018 7:00 AM ESTFINDLAY, Ohio, Jan. 26, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.6075 per common unit for the fourth quarter of 2017. This represents an increase of $0.02 per unit, or 3.4 percent, over the third-quarter 2017 distribution; an increase of $0.0875 per unit, or 16.8 percent, over the fourth-quarter 2016 distribution; and a 12.1 percent increase on a full-year basis over 2016 distributions. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 20 consecutive quarters, representing a compound annual growth rate of... More
