1 Ultra-High-Yield Energy Stock to Consider Buying Now
Source: Motley Fool
2025-11-03 03:23:00 ET
Ohio-based energy logistics and infrastructure company MPLX (NYSE: MPLX) has raised its quarterly distribution by 12.5%, an increase that lifts its current dividend yield to 7.5%.
According to the company's Oct. 28 press release, the new third-quarter payout amount will be $1.0765 per common unit, or $4.31 annually, and will be paid Nov. 14, to shareholders of record as of Nov. 7.
The increase bumps MPLX's dividend yield to more than triple the 2.1% average yield of the S&P Energy Sector (NYSEMKT: XLE) , and over six times the current 1.2% rate paid by the S&P 500 index.
Marathon Petroleum Corporation
NASDAQ: MPC
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MPC Stock Data
$61,136,532,179
297,596,454
N/A
901
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Fossil Fuels
Energy
US
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