Core Viewpoint - The article highlights three attractive high-yield dividend stocks: Brookfield Infrastructure, Enterprise Products Partners, and Realty Income, which are recommended for investors seeking a reliable income stream in September. Brookfield Infrastructure - Brookfield Infrastructure currently yields 4.3%, significantly higher than the S&P 500's 1.2% yield, and has consistently increased its dividend for 16 years at a 9% compound annual growth rate [2][4] - The company anticipates a long-term payout growth of 5% to 9% annually, supported by a robust infrastructure portfolio that generates stable cash flows linked to inflation [5][6] - Brookfield has a substantial backlog of organic expansion projects, including semiconductor fabrication facilities and data centers, which will contribute to future growth [6] Enterprise Products Partners - Enterprise Products Partners offers a yield of 6.8% and has raised its distribution for 27 consecutive years, with a 3.8% increase over the past year [8] - The company plans to launch $6 billion in organic growth capital projects in the latter half of the year, including new natural gas processing plants and pipeline expansions, which will enhance cash flow [9][10] - With a strong financial profile, Enterprise Products is well-positioned to invest in additional growth projects and maintain its high-yield distribution [10] Realty Income - Realty Income has a current dividend yield of 5.6% and has increased its monthly dividend 131 times since its public listing, achieving a 4.2% compound annual growth rate [11][12] - The REIT's growth is primarily driven by acquisitions, investing billions annually in income-producing real estate, and maintaining a strong balance sheet for financial flexibility [12] - Realty Income sees a $14 trillion opportunity in commercial real estate across the U.S. and Europe, expanding its investment platform into new property types and regions [13] Summary of Investment Opportunities - Brookfield Infrastructure, Enterprise Products Partners, and Realty Income are highlighted as strong candidates for high-yield dividend investments, backed by solid financials and growth potential, making them suitable for investors seeking stable and growing income streams [14]

Core Viewpoint - MPLX offers a high distribution yield of over 7.7%, significantly above the S&P 500 average of 1.2%, raising questions about its sustainability and potential as an investment opportunity [1][5]. Company Overview - MPLX is a master limited partnership (MLP) created by Marathon Petroleum, focusing on midstream energy infrastructure and logistics, specifically in crude oil and natural gas services [3]. - The company operates pipelines, processing plants, storage terminals, and export facilities, generating stable earnings supported by long-term contracts with high-quality customers [3]. Financial Performance - In the first half of the year, MPLX generated $2.6 billion in distributable cash flow, a 5% increase year-over-year, allowing it to cover cash distribution payments by 1.5 times [4]. - The MLP reported over $950 million in excess free cash flow after distributions, enabling it to repurchase $200 million in units while retaining funds for expansion [4]. - MPLX maintains a low leverage ratio of 3.1, well below the 4.0 threshold supported by its stable cash flows, indicating a strong financial position [5]. Growth Prospects - MPLX is expected to grow earnings at a mid-single-digit annual rate, supported by a list of organic expansion projects [6]. - The company is actively pursuing acquisitions, including a $2.4 billion deal for Northwind Midstream, which will enhance earnings and cash flow immediately [8]. - MPLX has consistently raised its distribution since its formation in 2012, achieving a 10.7% compound annual growth rate since 2021, although future growth may align more closely with cash flow growth [9]. Expansion Projects - MPLX is constructing two natural gas processing plants, with Secretariat expected to be operational by the end of 2025 and Harmon Creek III in the second half of 2026 [11]. - The company is expanding the BANGL Pipeline, expected to be completed in the second half of next year, along with three large-scale gas pipelines set for completion between 2026 and 2027 [11]. - Additional projects include two new NGL fractionators and an LPG export terminal, with various completion dates extending to 2029 [11].