MPLX - MPLX: One Of The Most Attractive Dividend Picks In The MLP Space
2024-06-11 04:21:52 ET
Summary
- MPLX LP is a large midstream MLP player with a market cap of over $41 billion and a forward dividend yield of 8.3%.
- The MLP has a strong balance sheet with low leverage and a favorable debt maturity profile, reducing refinancing risks.
- MPLX generates significant distributable cash flow, allowing for organic and inorganic growth opportunities, including strategic acquisitions.
- All in all, it could be considered one of the most attractive MLP dividend plays out there.
Lately, I have been actively covering the MLP space, issuing rather bullish articles on Enterprise Products Partners (NYSE: EPD ), Enbridge ( ENB ), and Energy Transfer (NYSE: ET )....
MPLX: One Of The Most Attractive Dividend Picks In The MLP Space