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MPLX boosts quarterly distribution

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MPLX boosts quarterly distribution

MPLX LP raised its fourth-quarter distribution by 1%, or 0.5 cent per unit, over the previous quarter's, to 52 cents per unit.

The distribution also represents an increase of 4%, or 2 cents per unit, compared to that of the year-ago quarter, according to a Jan. 25 news release. It will be paid Feb. 14 to unit holders of record as of Feb. 6.