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
-
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow vi...
-
Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me ple...
-
With interest rates near zero, many investors are turning to dividend stocks for income. And for some investors, the higher the yield, the b...
-
Dividend stocks have fallen out of fashion during the pandemic. With interest rates at rock-bottom levels, investors have fled from assets l...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
The rollout of fifth-generation network services, also known as 5G, enhances the appeal of each of these three dividend-paying, 5G technolog...
-
Energy Transfer (NYSE:ET) pays a monster cash distribution. Given the big slide in its unit price, -- they're down more than 50% in the ...
-
With interest rates stuck below 1%, finding income in today's market can be difficult. Therefore it makes sense for income investors to ...
-
These stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sust...
-
Unfortunately, some investors that are new to dividend stocks end up chasing the highest yield stocks they can find and end up getting burne...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.