NYSE:MPLXOil and Gas
MPLX (MPLX) Valuation Check After 12.5% Distribution Increase And Cash Return Focus
Why MPLX’s latest distribution move is drawing attention
MPLX (MPLX) recently lifted its quarterly distribution by 12.5%, a decision backed by contracted cash flows tied to Marathon Petroleum. That increase, along with the support behind it, is what has investors paying attention.
See our latest analysis for MPLX.
The recent distribution increase comes as MPLX units trade at US$58.53, with a 30-day share price return of 6.87% and a 1-year total shareholder return of 19.79%, while the 5-year...