MPLX - If You Like Enterprise Products Partners' 7.2%-Yielding Payout You Should Check Out Its 8.3%-Yielding Rival
2024-03-24 09:02:00 ET
Enterprise Products Partners (NYSE: EPD) is one of the more popular energy stocks. A big driver of its popularity is its big-time payout. The master limited partnership (MLP) currently offers a 7.2%-yielding distribution. Further, the company has increased its payment for 25 straight years.
Investors who like Enterprise Products Partners (and understand the tax complexities of owning an MLP ) should check out fellow MLP MPLX (NYSE: MPLX) . The company offers a higher 8.3% yield and has grown its distribution faster in recent years. Here's a closer look at how MPLX stacks up against Enterprise Products Partners.
MPLX is a diversified, large-scale MLP formed by refining giant Marathon Petroleum . It has two business segments:
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If You Like Enterprise Products Partners' 7.2%-Yielding Payout, You Should Check Out Its 8.3%-Yielding Rival