USSTOCK.TODAY
Regular Market
Log in Sign up

Large investment required for $500 monthly income despite high MPLX dividend yield

The Motley Fool +1 ·

MPLX MPLX LP
$56.83 +0.94%
View chart & analysis →
  1. 1MPLX's dividend yield recorded 7.6%, which is 7 times the S&P 500's metric.
  2. 2An investment of $78,375 is required to generate an annual income of $6,000 through MPLX.
  3. 3MPLX generated $1.5 billion in distributable cash flow (DCF) in the second quarter.

So what's the key point?

MPLX pays much higher dividends than other companies. To earn $500 every month, an investment of approximately $78,375 is needed.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Marriott Q2 RevPAR up 3.4%, raises full-year guidance Quartz +3 · Aug 3Western Digital shares fall following UBS price target cut InvestorsHub +1 · 1h agoBitmine Immersion Technologies to halt purchases if Bitmine's share of Ethereum supply reaches 5% threshold The Motley Fool +1 · 1h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news