U.S. Markets open in 9 hrs 2 mins

Why MPLX’s 6.6% Yield Is Attractive

Ruth King
Why MPLX’s 6.6% Yield Is Attractive

MPLX (MPLX) has shown consistent distribution growth over the last several years. Since its IPO in 2012, MPLX has increased distributions for 22 consecutive quarters. MPLX’s coverage ratio has remained well above one over the last several years. The company intends to maintain a coverage ratio of 1.2x or higher while growing distributions 10% for 2018. Currently, MPLX is trading at an attractive yield of 6.6%.