MPLX LP (MPLX) Raises Quarterly Dividend 1.6% to $0.6175; 7.3% Yield
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MPLX LP increases quarterly distribution
April 25, 2018 3:15 PM EDTFINDLAY, Ohio, April 25, 2018 /PRNewswire/ --Â MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.6175 per common unit for the first quarter of 2018. This represents an increase of $0.01 per unit, or 1.6 percent, over the fourth-quarter 2017 distribution; and an increase of $0.0775 per unit, or 14.4 percent, over the first-quarter 2017 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 21 consecutive quarters, representing a compound annual growth rate of 17.7 percent over the minimum quarterly distribution... More
