WES News & Analysis

AMLP Reaches $53 with 17% Year-to-Date Gains and Distribution Increases

The Alerian MLP ETF (AMLP) is currently trading near $53, showing a 17% gain year to date. The quarterly distribution has increased to $1.03 from $1.01, leading to a forward annual payout of $4.12 and an approximate yield of 7.8%. Enterprise Products Partners (EPD) extended its distribution growth streak to 27 years, declaring a 3% increase, while MPLX raised its distribution by 13%. This positive trend in distributions and gains can attract income-focused investors looking for reliable returns.