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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 1%

Wednesday 25 January 2017

MPLX LP (MPLX) will increase its quarterly distribution to $0.52 per unit.

Since the partnership's initial public offering in October 2012, the MPLX board has authorized distribution increases for 16 consecutive quarters, representing a compound annual growth rate of 19 percent over the minimum quarterly distribution established at the partnership's formation.

The distribution will be paid Feb. 14, 2017, to common unitholders of record as of Feb. 6, 2017.

MPLX is a master limited partnership formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the transportation and storage of crude oil and refined petroleum products.

MPLX LP

Energy

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