Want Durable Dividend Income That Can Last for Decades? Buy This Stock and Never Look Back.
Yahoo Finance ·
The energy sector is ripe with both high-dividend stocks and consistent payout growers. To the delight of income-hungry investors, some stocks fit both bills. A fine place to locate high-yield dividend growers in the energy patch is the midstream space, home to master limited partnerships (MLPs) and pipeline stocks . The midstream is littered with well-known income powerhouses , including Enbridge and Energy Transfer , among others, but some less heralded names are also deserving of investors' attention. Enter MPLX LP ( MPLX 0.33% ) . This pipeline stock could provide years of comfort to income investors. Image source: Getty Images. For those not familiar with this pipeline operator, it was spun off from Marathon Petroleum in 2012 and continues to manage Marathon's pipeline assets. Investors evaluating MPLX need to account for the Marathon relationship because it is, in a word, additive. It's rooted in long-term contracts driving highly visible cash flow, which are vital when assessing this energy stock and its 7.3% dividend yield. The Marathon partnership is important and is one ingredient in the MPLX dividend recipe. Still, there's much more to like about MPLX, and those other ingredients indicate this could be a durable dividend stock for long-term investors.
DYAX Investor Sentiment
Bullish (Long) 45% · Bearish (Short) 55%
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