Looking to Earn Oversized Yields? If I tell you there’s a stock that offers a safe and growing yield of 9.1%, would you be interested? Of course you would. In a market where most companies can’t even pay four percent, a solid 9.1% yielder can go a long way toward boosting the return of an income portfolio.
The best part is, that high-yield stock actually exists. It’s MPLX LP (NYSE:MPLX). Trading at $29.27 per unit at the time of this writing, MPLX stock offers a generous annual yield. Headquartered in Findlay, Ohio, MPLX is a master limited partnership. It was created by Marathon Petroleum Corp (NYSE:MPC) in 2012 to own and operate midstream energy infrastructure and logistics assets, and to provide fuel distribution services. Today, the partnership operates through two main segments: “Logistics and Storage” and “Gathering and Processing.”
Source: Income Investors
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