Dividends4Life: Record Earnings, 18 Straight Hikes, 12%-15% Distribution Growth, Guidance Up Again, Insider Buying

Dividend Growth Stocks News

If you're looking to get on the ascending side of a growth trajectory, maybe you should look closer at this company. Q2 '17 revenue, EBITDA and DCF all grew over 30% to record amounts. Management has increased quarterly distributions 18 straight quarters - it goes ex-dividend this week. It just increased 2017 guidance again for the second time this year. Distribution will grow 12% to 15% in 2017 and double digits in 2018. The CEO bought 9,000 shares in June.

MPLX LP (MPLX), a midstream energy MLP, has been on a roll, increasing its assets via drop-downs from its sponsor/general partner, Marathon Petroleum Corp. (NYSE:MPC). MPLX is a diversified, growth-oriented master limited partnership formed in 2012 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. Q2 '17 saw record amounts again, in revenue, net income, EBITDA, and DCF.

Source: Seeking Alpha

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