MPLX Has A Strong Dividend And Strong Shareholder Returns
MPLXMPLX(MPLX) Seeking Alpha·2024-09-10 02:54
hirunMPLX (NYSE:MPLX) is a massive, almost $45 billion midstream company. The company is majority-owned by Marathon Petroleum (MPC) with an almost 8% dividend yield, and it's continued to chase growth. As we'll see throughout this article, the company's strong cash flow generation makes it a valuable investment. MPLX Performance MPLX managed to earn $1.4 billion in distributable cash flow, with 1.6x dividend coverage on the company's almost 8% yield.  MPLX Investor PresentationThe company is growing bot ...