The energy midstream company plans to buy back $1 billion of its equity.
News & Analysis: MPLX LP
MPLX earnings call for the period ending September 30, 2020.
Even these top yielders couldn't escape an industry downturn.
Top energy stocks are trading at much lower levels compared to the start of the year, presenting attractive buying opportunities.
While the market has questions about the payout's durability, this MLP firmly believes it's on solid ground.
After delivering a solid quarter amid the storm, this MLP has continued confidence in its big-time dividend, given what it sees ahead.
MPLX earnings call for the period ending June 30, 2020.
The battle around the shutdown of the Dakota Access Pipeline is the second this month in an important production region.
The stock's risks don't seem to justify its high yield.
Income investors aren't completely out of luck right now in this low-rate environment.