High-Dividend Stock Has 13 Straight Hikes, Raising Dividend 12% In 2017, Analyst Upgrades, Big Growth

Looking for dividend growth? You've come to the right place. This stock yields 6.38%, with 13 straight distribution hikes, and strong 1.21x coverage supported by multi-year contracts. Management has committed to raising the distribution 12% to 15% in 2017 and by double digits in 2018. It has triple-digit growth in revenue, EBITDA and DCF over the past four quarters. It has received multiple analyst upgrades in the past two months.

This article will cover MPLX LP (NYSE:MPLX), a rapidly-growing midstream firm, with huge growth in revenue, EBITDA and DCF over the past four quarters. MPLX is a diversified, growth-oriented master limited partnership formed in 2012 by its general partner, Marathon Petroleum Corporation (NYSE:MPC), to own, operate, develop and acquire midstream energy infrastructure assets. In 2015, MPLX merged with MarkWest (NYSE:MWE), whereby MarkWest became a wholly-owned subsidiary of MPLX. MPLX is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.

Source: Seeking Alpha

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