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