15 Straight Dividend Hikes, Raised Guidance Again, Major Earnings Growth, 12% Upside

Looking for strong earnings growth and dividend growth? Mgt. has raised the quarterly distribution for 15 straight quarters. They also just raised 2017 earnings and cash flow guidance again - guidance calls for 12% to 15% distribution growth. The company had record Revenue, Net Income, EBITDA, and DCF in Q1 '17, and triple-digit growth over the past 4 quarters. This article offers 2 additional high-yield income trades for this stock. Significant upside potential - it's 12% below analysts' lowest price target.

Check out MPLX LP, (NYSE:MPLX), a midstream dividend stock we started coverage on in a late 2016 article. MPLX has been on a rapid growth trajectory over the past several quarters, as it expanded its assets via dropdowns and a large merger. MPLX is a diversified, growth-oriented master limited partnership formed in 2012 by its general partner, Marathon Petroleum Corp. (NYSE:MPC), to own, operate, develop and acquire midstream energy infrastructure assets. In 2015, MPLX merged with MarkWest, whereby MarkWest became a wholly-owned subsidiary of MPLX.

Source: Seeking Alpha

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