Mplx Lp (MPLX) to Issue Quarterly Dividend of $1.08 on November 14th

Mplx Lp (NYSE:MPLX) declared a quarterly dividend on Tuesday, October 28th. Investors of record on Friday, November 7th will be given a dividend of 1.0765 per share by the pipeline company on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, November 7th. This is a 12.5% increase from Mplx’s previous quarterly dividend of $0.96.

Mplx has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 9 years. Mplx has a dividend payout ratio of 88.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Mplx to earn $4.66 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 92.3%.

Mplx Stock Down 1.0%

Mplx stock opened at $50.25 on Thursday. The company has a market cap of $51.21 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.68. Mplx has a 1-year low of $44.07 and a 1-year high of $54.87. The company has a fifty day simple moving average of $50.15 and a 200 day simple moving average of $50.66. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05). Mplx had a net margin of 35.44% and a return on equity of 30.95%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business earned $1.15 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Research analysts anticipate that Mplx will post 4.41 earnings per share for the current fiscal year.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.