You Can Confidently Buy and Hold This Nearly 8%-Yielding Dividend Stock Through the End of the Decade

1 hour ago 1

Matt DiLallo, The Motley Fool

Wed, February 4, 2026 astatine 9:26 AM CST 3 min read

High-yielding dividend stocks often person higher hazard profiles. With a astir 8% yield, MPLX (NYSE: MPLX) would look to beryllium successful the higher hazard category. However, that couldn't beryllium farther from the truth.

The master constricted partnership (MLP) -- an entity that sends a Schedule K-1 Federal Tax Form each twelvemonth -- has a fortress fiscal profile. Further, the pipeline institution has disposable maturation secured done 2029. These features mean you tin confidently bargain and clasp this high-yielding dividend stock done astatine slightest the extremity of the decade.

Where to put $1,000 close now? Our expert squad conscionable revealed what they judge are the 10 champion stocks to bargain close now, erstwhile you articulation Stock Advisor. See the stocks »

A idiosyncratic measuring a illustration showing growth.

MPLX precocious reported its fourth-quarter and full-year fiscal results. The MLP generated $5.8 cardinal of distributable currency travel past year, capable to screen its high-yielding organisation by a comfy 1.4 times. The MLP produced $1 cardinal successful escaped currency travel aft paying distributions, enabling it to clasp currency to money growth.

The pipeline institution invested good successful excess of that magnitude past twelvemonth arsenic maturation investments totaled $5.5 billion. It made respective acquisitions, including the $2.4 cardinal acquisition of Northwind Midstream. The MLP besides invested superior crossed respective enlargement projects.

Even with that monolithic maturation investment, the MLP ended the twelvemonth with a rock-solid fiscal profile. Its leverage ratio of 3.7 times is good beneath the 4.0 times scope that its unchangeable currency flows tin support. The MLP's beardown fiscal illustration and increasing currency flows enabled it to hike its organisation outgo by 12.5% past year.

MPLX expects to put different $2.4 cardinal into maturation superior projects this year. The MLP has a agelong database of expansions underway. It's gathering 2 caller NGL fractionators adjacent its genitor company's (Marathon Petroleum) Galveston Bay refinery that it expects to implicit successful 2028 and 2029. It's besides gathering a Gulf Coast LPG export terminal successful a strategical concern with Oneok that should travel online successful 2028. Additionally, it has investments successful respective associated ventures gathering caller earthy state pipelines that should participate work successful the 2026 done 2029 clip frame.

The MLP continues to unafraid caller maturation superior projects. It precocious approved the operation of the Secretariat II state processing works (with an in-service day successful the 2nd fractional of 2028) and the Marcellus Gathering System Expansion (with an in-service day successful the archetypal fractional of 2028). These projects further heighten its maturation visibility implicit the adjacent fewer years.