Core Insights - MPLX, an Ohio-based energy logistics and infrastructure company, has increased its quarterly distribution by 12.5%, resulting in a current dividend yield of 7.5% [1][2] - The new third-quarter payout will be $1.0765 per common unit, equating to an annual distribution of $4.31, with payment scheduled for November 14 to shareholders of record as of November 7 [1] - MPLX's dividend yield significantly exceeds the S&P Energy Sector average of 2.1% and the S&P 500's current rate of 1.2% [2] Financial Performance - As of October 31, MPLX has achieved a one-year total return of 23.4%, outperforming the S&P 500's return of 21.4% and the Energy Sector's return of 2.8% [3] - The company has a market capitalization of $52 billion, with a current stock price of $50.76 [2] Company Structure - MPLX operates as a master limited partnership (MLP), meaning its income is taxed differently than traditional dividends and reported on a K-1 form [5] - The company was founded in 2012 and is majority-owned by Marathon Petroleum, which receives approximately $2.5 billion annually from this arrangement [6] - MPLX is scheduled to report its Q3 results and hold a conference call on November 4 [6]