MPLX — All updates

We also have MPLX stock, which is one of the new additions to my investment portfolio over the past year, and it has risen by 20.5%. When I added this stock to my portfolio, its yield was around 8.5%, which is a very high yield, but management has already raised dividends by more than 12%, and announced that it will continue to do so for the next year or so.

MPLX 24.5,

MPLX yielding around 7.3,

And MPLX has just seen ridiculous growth. Over the last year it's about 12.5% and management is guiding towards that growth rate for around another year or two. It's really impressive what they're able to pull off as an already high-yielding MLP.

And then my most recent addition in the high yield space was MPLX, which I added it just this year and I'm already up 25.38%. Now, when you're analyzing the high yield space, you have to be careful because the way we analyze a lot of alternative high yield asset classes is a little bit unique.

And in the case of MPLX, this isn't MLP. So, naturally we need to look at how much distributable cash flow per share they're producing relative to how much they're generating in dividends.

And what we can see is distributable cash flow per share is easily covering those dividend payments. And here's what's really impressive. They just released their latest quarter's earnings report, and management is guiding towards 12.5% dividend growth over the next couple of years.

So, we're talking about a position that's yielding over 7% as of right now, and it's going to see double-digit dividend growth over the next couple of years. That's an incredible combination of yield as well as dividend growth.