Bill Gross Advocates for Western Midstream and MPLX as Top MLP Investments
Monday, 29 April 2024, 10:15
Billionaire Bill Gross' Endorsement of Ultra-High-Yield Dividend Stocks
Renowned investor Bill Gross is advocating for Master Limited Partnerships (MLPs), particularly Western Midstream and MPLX, due to their high dividend yields and growth potential.
Western Midstream: Building Wealth Through Diversification
- Assets: Primarily focused on gathering and processing operations across multiple states.
- Services: Natural gas, liquids, and produced water gathering, processing, and transportation.
MLPX: Stable Cash Flow Supporting Growth
- Investments: Diversified into natural gas pipelines, NGL fractionation complexes, and G&P assets.
- Growth: Has successfully increased its distribution by 10% in the last two years, with further growth anticipated.
Both MLPs offer lucrative passive income streams but come with considerations like tax complexities and market volatility.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.