By Marc Lichtenfeld MPLX (NYSE: MPLX) is a master limited partnership (MLP) formed by Marathon Petroleum Corp. (NYSE: MPC). Like many MLPs, its main business is operating oil and gas pipelines.
The stock yields a juicy 9% based on the last dividend (it has raised its dividend for the past 10 quarters and every year since it started paying one in 2012).
Can the company continue to pay that healthy of a dividend yield?
Last year, cash available for distribution (CAD), a measure of cash flow for MLPs, was $2.78 billion. It has been climbing steadily over the years, and in 2019, it is expected to …read more
