Consistency Pays for This 8.4% Yielder

This MLP is making Wall Street analysts look downright foolish...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED "Poised to make a killing over the next decade." - Fortune If you missed the early stages of Bitcoin... cannabis stocks... and electric vehicles... you're in luck. Fortune reports that one elite class of stocks is at the beginning of a new bull market. Are you ready for it? Click here to see how to get in on potentially the last megatrend of our lifetimes. SAFETY NET An 8.4% Yielder With a Steady Dividend Safety Rating Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Last May, I looked at MPLX (NYSE: MPLX), an oil and gas refining master limited partnership (MLP) formed by Marathon Petroleum (NYSE: MPC). At the time, it received a "B" rating for dividend safety. The only concern was that cash available for distribution (CAD), the measure of cash flow that we use for MLPs, was expected to dip to $4.1 billion from $4.3 billion the prior year. It turns out that MPLX actually grew cash flow in 2021 to $4.8 billion, the highest it's been in years. Keeping costs low was a key part of driving the number higher. This year, however, cash available for distribution is forecast to dip sharply, all the way to $3.2 billion. That's a substantial 34% haircut from last year's figure. Though, keep in mind that Wall Street analysts underestimated MPLX's 2021 cash flow by $660 million in May. Regardless, we'll assume the analysts will at least get the direction of cash flow correct this time and that the number will be lower than 2021's total. SPONSORED One trade, every week. This former CBOE trader has an 83% win rate. And now he's offering a guarantee he'll beat that. What the f&*k?! You gotta watch this! Even if they're right and cash flow falls all the way down to $3.2 billion, MPLX will still be able to pay the projected $2.9 billion in distributions. MPLX has an impressive distribution history, having raised the distribution every year since 2013. Once 2022 is over, if the distribution is in fact higher than 2021's, that will make it 10 years in a row that MPLX has raised the distribution. MPLX will be eligible for an upgrade, even if cash flow is lower. When a company has boosted the dividend for 10 years straight, it is given a bonus point by Safety Net because it has demonstrated that the dividend is important to it and that it will strive to protect it. The current $0.705 quarterly distribution generates an 8.4% yield. Investors should keep an eye on the company's cash flow. If it falls this year as projected and then continues to decline, management may face some hard decisions down the road. But for the next 12 months, the distribution should be safe. Dividend Safety Rating: B If you have a stock whose dividend safety you'd like analyzed, leave the ticker symbol in the comments section. You can also check to see whether we've written about your favorite stock recently. Just click on the magnifying glass in the upper right corner of the Wealthy Retirement homepage and type in the company name in the box. Good investing, Marc Leave a Comment MORE FROM WEALTHY RETIREMENT Upside Alert: Pinterest's True Market Valuation Could Be 3X The Best Gift You Can Give on Valentine's Day Top 3 Stocks to Fall in Love With How to Recognize the Best Insider Signals Facebook Twitter Email Share Push Alert SPONSORED 5G Triggers Buying Frenzy! Some of the world's richest men (identities revealed here) have invested $49.7 billion in 5G. These men have built their fortunes on their ability to profit from emerging trends. Here's how you can ride their coattails... You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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