MPLX STOCK PAYS A HEFTY 7.4 % DIVIDEND YIELD . HERE HOW MUCH $10 , 000 GENERATES IN PASSIVE INCOME EACH YEAR .

What happened: MPLX LP (NYSE: MPLX) was highlighted for its dividend yield, recently 7.4%, as a stock for long-term income-seeking investors. It is a midstream energy company transporting oil and gas. Key numbers: 7.4% dividend yield; $10,000 investment generates about $740 per year; Why it matters: Much of the business runs on relatively long-term transport contracts, which the content says makes MPLX more insulated from volatile energy prices than many energy companies. The stock is described as reasonably valued to slightly overvalued, and as an MLP it requires a K-1 form at tax time.

MPLX LP (NYSE: MPLX) was highlighted for its dividend yield, recently 7.4%, as a stock for long-term income-seeking investors. It is a midstream energy company transporting oil and gas.

Much of the business runs on relatively long-term transport contracts, which the content says makes MPLX more insulated from volatile energy prices than many energy companies. The stock is described as reasonably valued to slightly overvalued, and as an MLP it requires a K-1 form at tax time.