MPLX LP announces 6.2% higher distribution of USD0.6875 per unit for Q4 2019 over Q4 2018.
Global Banking News-January 24, 2020-MPLX LP announces 6.2% higher distribution of USD0.6875 per unit for Q4 2019 over Q4 2018
(C)2020 ENPublishing - http://www.enpublishing.co.uk
The board of directors of the general partner of MPLX LP (NYSE:MPLX) authorised a common unit cash distribution of USD0.6875 per unit for the fourth quarter of 2019, the company revealed on Thursday.
This distribution equals an annual rate of USD2.75 per share that represents an increase of 6.2% over the fourth quarter 2018 distribution. Also, this is the 28th consecutive quarterly distribution increase and will be paid on 14 February 2020 to unit holders of record date as of 4 February 2020.
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