Current Report: MPLX LP May Grow 17% Next Year

MPLX LP (MPLX) was founded in 2012 and is headquartered in Findlay, OH.

The company operates midstream energy infrastructure and logistics assets and distributes fuels.

Three key data points gauge MPLX (or any dividend-paying entity):

(1) Price 

(2) Dividends

(3) Returns

Those three keys also indicate if any company has made, is making, and will make money.

MPLX Price

MPLX’s single-share price rose $8.96 or 18.74% in the past year, from $47.80 to $56.76 per Tuesday’s opening market report.

Fifteen analysts cover the stock. The median of their one-year target estimates showed a $5.93, or 10.44% price gain ahead.

However, MPLX’s past five years' price progression from $30.13 to $56.76 shows an average annual gain of about $5.33 as a prediction for the coming year’s returns. I’ll use that number to calculate returns after I discuss MPLX dividends.

MPLX Dividends

MPLX LP has paid annually increasing Quarterly dividends since May 2013.

The most recent Q dividend of $1.08 was paid August 14th, 2026 (to shareholders of record August 7th), yielding $4.30 or 7.58% annually (per Tuesday’s opening market report)  

MPLX Returns

Putting it all together, as of October 13th, a possible MPLX LP gross gain of $9.63 was projected. 

To get there, our $5.33 per share calculated annual price gain was added to the $4.30 presumed forward-looking annual dividend to make that $9.63 gross gain. 

A little over $1000 invested in MPLX at Tuesday’s $56.76 opening share price would buy 17.6 shares, which multiply the hypothetical $9.63 gross gain to $169.66 for the coming year, or near 17%.

By the way, my dividend dogcatcher rule is to only buy initial shares of a dividend stock that pay an annual dividend (from $1000 invested) that is greater than the cost of one share.

MPLX LP’s projected annual dividend from $1K invested is $75.80, and that annual dividend proves to be over 1.34 times more than its recent $56.76 single-share price. 

The exact track of MPLX’s future share price and dividend will entirely be determined by market action and company finances.     

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.