MPLX Increases Quarterly Dividend by 12.5% to $1.2111 Per Share
MPLX LP (MPLX) has announced a significant increase in its quarterly distribution, raising the dividend from $1.0765 to $1.2111 per share. This represents a 12.5% increase and results in a forward dividend yield of approximately 8.27%. The payment is scheduled for November 13, with the ex-dividend date set for November 6. In addition to the dividend hike, the company has updated its financial outlook, targeting mid-single-digit adjusted EBITDA growth for 2026. This guidance comes alongside an increased capital expenditure forecast, which has been raised by $500 million to a total of $2.9 billion for 2026.
Tickers: $MPLX
Topics: dividend increase financial results quarterly distribution