MPLX hikes distribution by 6.4% Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
MPLX LP As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
MPLX LP As of October 10, 2023	MPLX	$3.10	0.0%	9.9%	2.5%
Midstream MLP	8.7%	9	5.6%	Quarter	2013

MPLX hikes distribution by 6.4%

Monday 25 January 2016

MPLX LP (MPLX) will raise its quarterly distribution by 6.4 percent to $0.50 per unit. This follows a 6.8 percent distribution increase in the previous quarter by the master limited partnership.

MPLX is a master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. MPLX was formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets.

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