Mplx Lp (NYSE:MPLX) Plans Quarterly Dividend of $1.08

Mplx Lp (NYSE:MPLX) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of 1.0765 per share by the pipeline company on Friday, August 14th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, August 7th.

Mplx has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 9 years. Mplx has a payout ratio of 88.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Mplx to earn $4.65 per share next year, which means the company should continue to be able to cover its $4.30 annual dividend with an expected future payout ratio of 92.5%.

Mplx Stock Up 1.2%

Shares of Mplx stock traded up $0.68 on Wednesday, reaching $59.88. The company’s stock had a trading volume of 130,680 shares, compared to its average volume of 1,788,549. The company has a market capitalization of $60.76 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 5.64 and a beta of 0.47. The firm’s fifty day simple moving average is $56.60 and its two-hundred day simple moving average is $56.48. Mplx has a 52 week low of $47.80 and a 52 week high of $59.99. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mplx had a net margin of 36.38% and a return on equity of 32.74%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Equities analysts anticipate that Mplx will post 4.19 earnings per share for the current year.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.