Want to Generate Investment Income? Check Out This 8.8%-Yielding Dividend Stock
Income-seekers have many more investment options now that interest rates are higher. One they won't want to overlook is (NYSE: MPLX). The master limited partnership (MPL) currently yields 8.8%. The energy midstream company's monster payout is on an extremely firm foundation.
That was evident in its recently reported second-quarter results. Here's why MPLX is such an attractive option for income-seekers these days.
MPLX generated more than $1.3 billion in distributable cash flow during the second quarter and almost $2.6 billion through the first half of the year (6% higher than the year-ago level). That's free cash the MLP can use as it sees fit, including distributing it to investors.
Source Fool.com
MPLX L.P. Stock
€11.77
3.170%
MPLX L.P. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
Based on the current price of 11.77 € the target price of 42 € shows a potential of 256.84% for MPLX L.P. which would more than double the current price.
