MPLX - These 3 Energy Stocks Pay Outrageously High Dividends
If you are hunting for top dividend yields, oil and gas stocks are probably high on your list. The energy sector offers some of the highest yields available right now. Three energy stocks -- MPLX (NYSE: MPLX) , Sunoco (NYSE: SUN) , and Antero Midstream (NYSE: AM) -- currently offer double-digit yields. Before jumping in, though, you should understand the risks associated with these stocks. Let's take a closer look at each of these to find if they can continue paying their fat dividends in the years to come.
MPLX is a logistics MLP formed by refiner Marathon Petroleum (NYSE: MPC) in 2012. Marathon Petroleum owns around 62% of MPLX's outstanding units and accounts for roughly 55% of its revenue. As its general partner, major shareholder, and top customer, Marathon Petroleum exercises significant control over MPLX's growth, which increases its risks.
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These 3 Energy Stocks Pay Outrageously High Dividends