1 Ultra-High-Yield Energy Stock to Consider Buying Now

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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool