Energy Transfer vs. MPLX: Which Pipeline Giant's High-Yield Dividend Is Actually Safer?

Key Points MPLX has a higher dividend yield than Energy Transfer and has a longer record of dividend increases. Energy Transfer has raised its dividend for 19 consecutive quarters. MPLX's dividend has a lower coverage ratio, but its financials are stronger than Energy Transfer's. 10 stocks we like better than Energy Transfer › Dividend-oriented investors carefully look at a stock's dividend yield. There's often a high-but-safe spot, generally around 3% to 4%, and stocks that deliver yields above that are generally considered riskier.