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
Related Articles:
- Who Owns The Top Dividend Stocks?
- Wealth is a Journey, Dividend Stocks Can Take You There
- 3 Higher-Quality, High-Yield Dividend Stocks
- 10 Stocks With Sustainable Dividend Growth
- 12 Dividend Growth Stocks With A Good Yield/Growth Mix
Record Earnings, 18 Straight Hikes, 12%-15% Distribution Growth, Guidance Up Again, Insider Buying
Posted by D4L | Tuesday, August 15, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
Dividend Aristocrats and Kings tend to snag most income investors’ eyes with their consistent dividend payouts, proven-and-tested business o...
-
The most dependable dividend stocks typically have a long track record of sustaining payouts through different market cycles. Companies with...
-
Dividends can be a tremendously powerful part of your investing strategy. Not only can they give you a continuing source of cash to reinvest...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
-
Double your money in a short time. Few investors would walk away from such an opportunity. Of course, there's no guarantee that any inve...
-
Passive income brings joy. Making your money work for you allows for capital gains upon selling investments. However, not all investments wi...
-
Dividend stocks are famous for generating regular income, providing investors with the opportunity to earn while they sleep. However, invest...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.