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Can MPLX Support Its Dividend?

Can MPLX Support Its Dividend?

Any time a company's dividend yield approaches double digits, investors should proceed with caution. Companies need to produce more than enough free cash flow to cover their dividend. This level marked an improvement from the prior-year period when MPLX produced $1.08 billion of distributable cash flow, covering its payout by 1.44 times.

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