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
-
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those...
-
Owning dividend stocks can be a great way to both generate cash flow and beat the market long term. And if you can find stocks that are over...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
Long-time readers know I’m a big fan of the insurance industry because of one quirk in their business model. Customers always pay premiums u...
-
“Cheap” stocks aren’t necessarily the best cheap stocks to buy. And dividend stocks, even those with a high payout, aren’t necessarily safe....
-
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types ...
-
The markets have been doing very well over the past several weeks, and finding some good bargains has been a bit challenging of late. Howeve...
-
These dividend stocks tick both boxes: a very high yield and a bullish outlook from the Street. This is pretty crucial as not all dividend s...
-
This company's management has raised the quarterly distribution 71 straight quarters, 22 straight years - it will be a Dividend Aristocr...
-
We routinely cover earnings reports at The REIT Forum. Staying on top of new developments is one of the reasons we are able to find such att...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.