Tag: energy
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MPLX LP (MPLX) increases dividend by 12.5%, its 12th consecutive annual increase
The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.9565 per common unit for the third quarter of 2024, or $3.826 on an annualized basis. This represents a 12.5% increase, or $0.1065 increase per common unit, over the second quarter 2024 distribution. The distribution…
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Energy Transfer LP (ET) increased their dividend by 0.78%
Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024. This cash distribution per Energy Transfer common unit will be paid on November 19, 2024 to unitholders of record as of the close of business on November 8, 2024, and…
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September 2024 Portfolio Recap
September was an eventful month for Chasing the Yield. My annual income increased by $80, thanks to dividend boosts from Microsoft (MSFT) (up 11%), New Jersey Resources (NJR) (up 7.1%), and five other holdings. While there were no upgrades or downgrades in dividend safety, I closed our position in Oaktree Specialty Lending (OCSL) and used…
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AI Deep Dive: ONEOK (OKE) post-acquisitions effect on the dividend
I used Google’s NotebookLM to create a short deep dive look into ONEOK’s post-acquisition of EnLink Midstream and investment into Medallion Midstream. The tool does a good job of explaining the ins and outs and how it effects the company’s dividend. The deep dive audio is based on the text below and from other news…
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ONEOK acquisitions strengthen portfolio
ONEOK, a Tulsa-based pipeline operator, is reinforcing its presence in the U.S. energy infrastructure sector through two midstream acquisitions worth $5.9 billion, expanding its footprint in the Permian Basin. These acquisitions, along with its 2023 purchase of Magellan Midstream Partners for $18.8 billion, significantly increase its crude oil and refined products capacity. While this expansion…
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TC Energy to spin off oil pipeline in October
TC Energy is spinning off its liquids pipelines business, South Bow, on October 1, 2024, to focus on its core strengths in natural gas and power generation. Shareholders will retain their TC Energy shares and receive proportional shares in South Bow, with combined dividends expected to match or exceed pre-spin payouts. Post-spin, TC Energy will…