Energy Transfer and MPLX have both increased their distributions, with Energy Transfer raising its payout by over 3% and MPLX hiking its payout by 12.5%. Both MLPs have the potential for further growth, making them attractive investments with high yields and solid growth prospects.

Energy Transfer recently announced a quarterly distribution of $0.3325 per unit, representing a more than 3% increase over the last year. The MLP generated significant cash flow in the first half of the year, easily covering its distributions and retaining surplus funds for expansion projects.

MPLX declared a quarterly distribution of $1.0765 per unit, a 12.5% increase from the previous level. With a strong financial profile and ample cash flow coverage, MPLX is well-positioned for growth through organic expansions and acquisitions, supporting continued distribution increases.

Both Energy Transfer and MPLX have robust growth plans, with Energy Transfer focusing on expansion projects and MPLX investing heavily in organic growth and acquisitions. With visible long-term growth prospects, both MLPs are set to increase earnings and distributions, providing solid total return potential for investors.

Read more at Yahoo Finance: These 2 Ultra-High-Yielding Dividend Stocks Just Gave Their Investors Another Raise