This Ultrahigh-Yield Dividend Stock Adds More Fuel to Its Growth Engine to Extend Its Growth Outlook Through 2029
MPLX (NYSE: MPLX) continues to provide investors with the best of both worlds. The master limited partnership (MLP) offers investors a very lucrative cash distribution (currently yielding over 7%). On top of that, it's delivering high-octane growth. It has grown its distributable cash flow at a nearly 7% compound annual rate since 2021 while increasing its high-yielding distribution at a 10.7% compound annual rate during that period. The MLP recently added a lot more fuel to its growth engine. Because of that, it has the visibility to grow its cash flow through 2029, which should allow it to continue increasing its high-yielding distribution.MPLX recently approved several new expansion projects that will grow its cash flow over the next several years. These projects focus on expanding its Permian-to-Gulf Coast strategy to increase the flow of natural gas and natural gas liquids (NGLs) from that key production basin to major demand and export markets. Continue reading
MPLX (NYSE: MPLX) continues to provide investors with the best of both worlds. The master limited partnership (MLP) offers investors a very lucrative cash distribution (currently yielding over 7%). On top of that, it's delivering high-octane growth. It has grown its distributable cash flow at a nearly 7% compound annual rate since 2021 while increasing its high-yielding distribution at a 10.7% compound annual rate during that period.
The MLP recently added a lot more fuel to its growth engine. Because of that, it has the visibility to grow its cash flow through 2029, which should allow it to continue increasing its high-yielding distribution.
MPLX recently approved several new expansion projects that will grow its cash flow over the next several years. These projects focus on expanding its Permian-to-Gulf Coast strategy to increase the flow of natural gas and natural gas liquids (NGLs) from that key production basin to major demand and export markets.
