MPLX LP Plans Quarterly Dividend of $0.30 (MPLX)
MPLX LP (NASDAQ:MPLX) declared a quarterly dividend on Tuesday, October 22nd, Stock Ratings Network.com reports. Shareholders of record on Monday, November 4th will be given a dividend of $0.2975 per share on Thursday, November 14th. This represents a $1.19 dividend on an annualized basis and a yield of 3.19%.
MPLX LP (NASDAQ:MPLX) opened at 37.27 on Tuesday. MPLX LP has a 1-year low of $25.35 and a 1-year high of $39.69. The stock has a 50-day moving average of $36.33 and a 200-day moving average of $36.67. The company’s market cap is $2.754 billion.
MPLX LP (NASDAQ:MPLX) last released its earnings data on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $124.19 million. MPLX LP’s revenue was up 10.7% compared to the same quarter last year.
MPLX LP is a fee-based limited partnership formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.