MPLX: An Attractive Dividend Case With A De-Risked 8% Yield
MPLXMPLX(MPLX) Seeking Alpha·2024-08-19 14:17

thexfilephoto In June this year, I issued a bullish piece on MPLX LP (NYSE:MPLX). My conclusion was that MPLX presents one of the best dividend stories in the entire BDC space. The case is so attractive because MPLX yields ~ 8%, which is certainly above the sector average or what other large-cap comparable peers offer (e.g., Enterprise Products Partners (EPD) and Enbridge (ENB)). Of course, it is not only about the yield itself, but also about the state of the underlying fundamentals, which render MPLX's di ...