5 Best MLP Dividend Stocks To Buy

4. MPLX LP (NYSE:MPLX)

Number of Hedge Fund Holders: 9

MPLX LP (NYSE:MPLX) is involved in the gathering, processing, transportation, and storage of energy resources, primarily focusing on crude oil and natural gas. The company remained popular among elite funds in Q3 2023, as it ended the quarter with 9 hedge fund positions, up from 6 in the previous quarter, according to our database. The stakes owned by these hedge funds have a collective value of over $37.6 million.

MPLX LP (NYSE:MPLX) is one of the best MLP dividend stocks on our list as the company has been growing its dividends for the past 10 consecutive years. It pays a quarterly dividend of $0.85 per share and has a dividend yield of 9.09%, as of January 22.

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