Dividendology on $MPLX (Nov 6, 2026)
MPLX, a recent purchase near a 10% starting yield and now up about 19%, yields around 8.4% and just raised its dividend 12.5%, the third straight year of 12.5% growth — which the speaker calls the best part.
Jump to any passage
And then by far the newest high-yielding position, when I added really not too long ago, MPLX, which I'm up about 19% on. And for MPLX, also close to 10%. So we locked in a very high starting dividend yield.
These are stocks that are also growing their dividends, and I've seen substantial share price appreciation.
And in fact, when you look at a stock like MPLX, right now it's yielding around 8.4%. Ironically enough, they just announced a 12.5% dividend increase, a double-digit dividend increase from an already above 8% yielding stock.
And perhaps the best part is they've grown the dividend at 12.5% for three consecutive years in a row now. That's pretty mind-blowing.
Now, side note over on dividendology.com, I just put out an update on MPLX explaining what the situation with the dividend will look like moving forward and whether or not stock is still undervalued.
What this channel has said about $MPLX
Dividendology has 7 calls on this stock; only the adjacent ones are shown.