ET - MPLX: The Best-In-Class Dividend Yield In North America's Midstream

2024-05-28 06:02:50 ET

Summary

• MPLX LP offers the highest dividend yield among the largest midstream companies by market cap.
• The company's strong operating performance and capital allocation approach support my confidence in dividend safety.
• MPLX's valuation is attractive, with a fair share price indicating a potential 40% increase.

Introduction

The Q1 earnings season briefly interrupted my exploration of prominent companies in the North American midstream industry. Among the largest midstream companies by market cap, MPLX LP ( MPLX ) offers the highest dividend yield....

For further details see: