Better Dividend Stock: MPLX vs. Energy Transfer

Master limited partnerships (MLPs) can make great income-generating investments. These pass-through entities distribute a meaningful percentage of their cash flows to investors. Because of that, they typically offer higher dividend yields.

Two top MLPs are Energy Transfer (NYSE: ET) and (NYSE: MPLX). Here's a look at the better one to buy for income right now (for those comfortable with receiving the Schedule K-1 Federal Tax Form these entities send their investors each year).

The main draw of MLPs is their lucrative income streams. Energy Transfer currently yields nearly 7%, while MPLX is over 8%. Both payouts are on a solid foundation because the companies generate stable cash flow and have strong financial profiles.

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Source Fool.com