Looking for dividend growth? You've come to the right place. This stock yields 6.38%, with 13 straight distribution hikes, and strong 1.21x coverage supported by multi-year contracts. Management has committed to raising the distribution 12% to 15% in 2017 and by double digits in 2018. It has triple-digit growth in revenue, EBITDA and DCF over the past four quarters. It has received multiple analyst upgrades in the past two months.
This article will cover MPLX LP (NYSE:MPLX), a rapidly-growing midstream firm, with huge growth in revenue, EBITDA and DCF over the past four quarters. MPLX is a diversified, growth-oriented master limited partnership formed in 2012 by its general partner, Marathon Petroleum Corporation (NYSE:MPC), to own, operate, develop and acquire midstream energy infrastructure assets. In 2015, MPLX merged with MarkWest (NYSE:MWE), whereby MarkWest became a wholly-owned subsidiary of MPLX. MPLX is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.
Source: Seeking Alpha
Related Articles:
- 6 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds
- 6 Blue Chip Dividend Stocks For When the Chips Are Down
High-Dividend Stock Has 13 Straight Hikes, Raising Dividend 12% In 2017, Analyst Upgrades, Big Growth
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Add it all up, and things are starting to get tense. That leaves investors wondering where they can go for safety. After years of tech outpe...
-
Are you on the hunt for a generous and reliable dividend stock? If so, the list of Dividend Aristocrats -- comprised of those few companies ...
-
If you’ve paid any attention to the financial news lately, you’d know that market sentiment has changed. This shouldn’t come as a surprise; ...
-
Individual investors were jolted by the sudden reappearance of market volatility in October. Given a range of issues spanning natural gas av...
-
Dividend-paying stocks are like the ballast that keeps a ship from capsizing during stormy seas. They provide grounding for investors who, w...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Without a doubt, buying and holding stocks is the best way to generate wealth over long periods of time. And we're not talking about hol...
0 comments
Post a Comment
Post a Comment