MPLX LP’s board has announced a quarterly cash distribution of $0.9565 per common unit for Q4 2024, equating to an annualized rate of $3.826. This distribution will be paid on February 14, 2025, to unitholders recorded by February 3, 2025. Additionally, brokers are notified that all distributions to non-U.S. investors are considered effectively connected income and will require federal income tax withholding at the highest rate. MPLX is a large-cap master limited partnership engaged in midstream energy infrastructure and logistics, operating various assets including pipelines and storage facilities across the U.S.

Read the full article here