“How Much My Dividend Portfolio Paid Me in August! ($313,000 Portfolio!)”
MPLX is undervalued due to high starting yield (8.5%), strong guided distribution growth (12.5%), and sustainable dividend coverage via growing distributable cash flow per share through 2030.
we have MLX, SPGI, and then we have Mastercard. MPLX has done really, really well. It's up 24.5%. MLX is a somewhat rare addition to my portfolio because it's a very high yielding stock.
In fact, the indicated yield as of right now sitting roughly 7.3%, but when I added it to my portfolio, it was closer to about 8.5%. In fact, if we just jump over to my dividend dashboard, go ahead and cheat and look at my yield on cost on this position, you can see it's sitting at about 8.53%.
So, the recent run up in share price has caused the starting yield to go down. But again, when I added, it was yielding 8.5%.