Findlay-based MPLX LP has announced a dividend of 32.75 cents per share for the first quarter.
This represents an increase of 1.5 cents per share, or 4.8 percent, over the previous quarterly dividend and a 20.2 percent increase over the dividend in the first quarter of 2013.
MPLX, a Marathon Petroleum Corp. spin-off, has increased its dividend each quarter since its initial public offering in October 2012.
The first-quarter dividend will be paid May 15 to shareholders of record on May 5.
MPLX will report first-quarter results on May 1.
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