This Ultra-High-Yield Dividend Stock’s Numbers Look Rock Solid

  • Date: 29-Jan-2020
  • Source: The Motley Fool
  • Sector:Financial Markets
  • Country:Gulf
  • Who else needs to know?

This Ultra-High-Yield Dividend Stock’s Numbers Look Rock Solid

While the company's acquisition of affiliated MLP Andeavor Logistics had some impact, it ended the year on a solid financial footing.. The merger helped boost the company's overall earnings by nearly 45%, though it also produced solid 6% organic growth.. Logistics and storage earnings rose 5% year over year.. The company's processing business also benefited from the completion of several natural gas processing plants last year, which helped boost its volumes by 7% during the quarter and 14% for the full year.. The company will also invest in a project to reverse the flow of oil on the Capline pipeline and complete three more natural gas processing plants.. The projects will help grow MPLX's cash flow as they come on line over the next year.. Stock Advisor launched in February of 2002.. Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return.