Want Durable Dividend Income That Can Last for Decades? Buy This Stock and Never Look Back.
MPLX LP's shrewd deal-making and Permian Basin exposure support a dividend that may be a cornerstone for equity income portfolios.
Overview
The energy sector is ripe with both high-dividend stocks and consistent payout growers. To the delight of income-hungry investors, some stocks fit both bills.
A fine place to locate high-yield dividend growers in the energy patch is the midstream space, home to master limited partnerships (MLPs) and pipeline stocks. The midstream is littered with well-known income powerhouses, including Enbridge and Energy Transfer, among others, but some less heralded names are also deserving of investors' attention. Enter MPLX LP (NYSE: MPLX).
This pipeline stock could provide years of comfort to income investors. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.