This Ultra-High-Yield Dividend Stock Is a Screaming Bargain
MPLX (NYSE: MPLX) has lost more than 20% of its value in the last year. That slump is a bit of a head-scratcher, because the master limited partnership's cash flow per unit has increased more than 10% through the first six months of 2019 compared to the year-ago period. Those two factors have helped push its valuation to a bargain-basement level.
With its unit price slumping, MPLX's dividend yield has risen to 9.4%, thanks also to a 6.4% increase in its payout level over the past year. That combination of yield and cheaper valuation make MPLX one of the more attractive income investment opportunities available right now.
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Source Fool.com
