This 16%-Yielding Energy Stock Thinks It's Dirt Cheap
Units of master limited partnership (MLP) MPLX (NYSE: MPLX) have lost roughly a third of their value this year. While 2020 has been challenging for the energy sector, the MLP's operations have held up exceptionally well, as was evident during the third quarter.
MPLX not only plans to continue paying its massive distribution -- which yields almost 16% these days -- but also to start buying back some of its beaten-down units.
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Source Fool.com
