After completing the CAPTCHA below, you will immediately regain access to www.streetinsider.com. In early 2018, Marc released his second book, You Don’t Have to Drive an Uber in Retirement: How to Maintain Your Lifestyle without Getting a Job or Cutting Corners, which hit No. That’s a payout ratio well within my comfort zone. Cheap gas is severely affecting Appalachia producers where MPLX has a lot of gathering and processing infrastructure. Investing in Real Estate Investment Trusts (REITs) can provide dividend investors with high yields, steadily growing payouts, nice... We have all been there. Credit ratings of several Appalachia producers were downgraded recently due to concerns relating to lower demand and prices. MPLX too is exposed to volume reductions, more so if any of its customers goes bankrupt. Mplx pays an annual dividend of $2.75 per share, with a dividend yield of 15.28%.

Like MPLX Dividends? A few of his appearances are below…. Description: Marc appears on Fox Business’ Mornings With Maria segment to discuss Gary Cohn’s resignation. You’ll soon read about proven strategies that will enable you to generate income and build the future you want. Magellan has kept its first-quarter distribution unchanged from the previous quarter, despite a strong balance sheet, in line with its principle of stringent financial discipline. MPLX's gathering and processing operations may also add volatility to its earnings. Con Edison faces intense political pressure following Tropical Storm Isaias, which hit the East Coast on August 4. Marc’s top-notch research makes him a sought-after media guest. Over the past 5.5 years, MPLX has averaged an annual trailing twelve month dividend growth rate of 17.71%.

Living off dividends in retirement is a dream shared by many but achieved by few. document.getElementById("date").innerHTML = d.getFullYear(); There could be a point in the future where CAD is declining and the debt could become a problem.

With a dividend yield approaching 10%, the stock has some income investors wondering whether or not the firm's payout is safe.

The stock yields a juicy 9% based on the last dividend (it has raised its dividend for the past 10 quarters and every year since it started paying one in 2012). Your free report will be delivered to your inbox. To learn more about Marc’s books, check out our Best Finance Books. Currently, Marc is the Chief Income Strategist at Wealthy Retirement and The Oxford Club. MPLX Dividends News.

Category: Radio/Podcast Isaias caused the... Best Buy Sees Growth Accelerate With All Stores Reopened; Dividend Safety Score Upgraded to "Safe". Dividend aristocrats are S&P 500 companies that have raised their dividends for 25+ years. MPLX LP (MPLX) Raises Quarterly Dividend 1.5% to $0.6875; 11.1% Yield; MPLX Next Dividend Date Projection Last known ex-date: 11/05/20 Last known frequency: Quarterly Last known quarterly dividend: 0.6875 Expected annual yield: 15.98% Typical ex-date schedule: February 3rd; May 7th; August 3rd; November 2nd; Predicted Next Dividend Ex-Date For MPLX: February 3rd. Rekha holds a master's in finance and has worked as a financial consultant. Summary There's nothing like a safe sky-high yielding blue chip that lets you enjoy both generous and rising …

He is an author, speaker and financial guru to 500,000 readers who receive his publications each week.

Newsletter FAQs | privacy policy. Power Outages Increase Political Scrutiny of Con Edison But Dividend Profile Remains Stable. Try Simply Safe Dividends FREE for 14 days. Its debt-to-EBITDA (earnings before interest, taxes, depreciation and amortization) ratio, which is a common measure of leverage, is 4.05 and is expected to rise to 4.57 by the end of the year.

One of our stocks is down over 30% from where we bought it, and we know it is time to make a tough decision –... High dividend stocks are popular holdings in retirement portfolios. MPLX's next quarterly dividend payment will be made to shareholders of record on Friday, November 13. Mplx pays out 118.53% of its earnings out as a dividend. Because the company can easily afford its distribution, the high debt level isn’t something that is too concerning, but it definitely should be watched.

Last year, cash available for distribution (CAD), a measure of cash flow for MLPs, was $2.78 billion. Cumulative Growth of a $10,000 Investment in Stock Advisor, Better Buy: Magellan Midstream Partners vs. MPLX @themotleyfool #stocks $MPLX $MMP $MPC, This 16%-Yielding Energy Stock Thinks It's Dirt Cheap, MPLX LP (MPLX) Q3 2020 Earnings Call Transcript, Why These 3 High-Yielding Pipeline Stocks Tumbled in September, This Energy Company Feels Strongly About the Sustainability of Its 14.5%-Yielding Dividend, Copyright, Trademark and Patent Information. Further, the company assumes a month of transition, after which demand resumes to its pre-COVID period. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 9.29% each year. Please contact us here http://www.streetinsider.com/signup_content.php. Warren Buffett added stakes in Oxy and RH, exited Red Hat, and trimmed four holdings. Best Buy's performance during the pandemic has exceeded our expectations, prompting us to upgrade the company's Dividend Safety Score... Portland General Electric Expects to Maintain Dividend Despite Surprise Trading Loss. MPLX (NYSE: MPLX) is a master limited partnership formed by Marathon Petroleum Corp. (NYSE: MPC). MPLX LP's (MPLX) unit price has slumped 30% over the past year, including a 15% decline in recent weeks. It has been climbing steadily over the years, and in 2019, it is expected to surge to $3.75 billion. Another factor that increases MPLX's risks is its exposure to a limited number of key customers. . Dividend.com: The #1 Source For Dividend Investing.

Category: Television Date: March 22, 2018 Low demand, excess supply, and the resultant low commodity prices are expected to affect both Magellan Midstream's and MPLX's earnings. If things become normal soon, and oil and products demand return to pre-COVID-19 levels, both the companies may fare fine. 50 Retirement Quotes: Inspirational and Funny Retirement Sayings, Marc Lichtenfeld Talks About Gary Cohn’s Resignation, Marc Lichtenfeld Discusses America’s Retirement Crisis. In an investor update in late March, Magellan Midstream expected a 25% drop in gasoline and aviation fuel demand in the entire second quarter. Overall, MPLX's adequate financial health is offset by Marathon's continued control over the firm, supporting the stock's low Borderline Safe Dividend Safety Score. Midstream operators, including Magellan and MPLX, are sure to face some heat in such a scenario. Thank you for subscribing to Wealthy Retirement. However, Magellan stands better due to its conservative leverage and diversified customer base. Both Magellan Midstream Partners (NYSE:MMP) and MPLX (NYSE:MPLX) are top  Master Limited Partnerships that have tumbled lately. Dividend aristocrats are S&P 500 companies that have raised their dividends for 25+ years. Thank you for signing up for Wealthy Retirement. MPLX LP (MPLX) Dividend Safety metrics. Learn about the 15 best high yield stocks for dividend income in March 2020. You reached this page when attempting to access https://www.streetinsider.com/dividend_history.php?q=MPLX from 82.196.10.171 on 2020-11-05 14:07:07 UTC. Also take a look at MPC, SMLP, MIC, HESM. Both the stocks are trading at monumental distribution yields. I’m @stocksnboxing. If this happens, the company estimates a reduction of $180 million in its 2020 distributable cash flow guidance of $1.2 billion. They have reduced capital expenditures, they have reduced operating expenses, and they have a strong balance sheet. See data and research on the full dividend aristocrats list.

Can the company continue to pay that healthy of a dividend yield? Marc’s mission is to help every one of them generate a safe and steady stream of retirement income that never runs out. For MPLX, the company has a dividend yield of 15.98 compared to the Oil and Gas - Production and Pipelines industry's yield of 7.75. Crude oil production in the US is being affected by demand destruction due to coronavirus in an oversupplied market. If you have a dividend whose safety you’d like me to analyze, leave the ticker symbol in the comments section. MPLX's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! However, if demand remains depressed for a little longer, Magellan Midstream looks better positioned to face the crisis, while maintaining its payouts. Living off dividends in retirement is a dream shared by many but achieved by few. Similarly, MPLX generated 91% of its 2019 logistics and storage revenue from parent Marathon Petroleum (NYSE:MPC).



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