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MPLX (MPLX) has declared a cash distribution of $0.50 per common unit for the fourth quarter of 2015. This represents an increase of $0.03 per unit, or 6.4 percent, over the third-quarter 2015 distribution and an increase of $0.1175 per unit, or 30.7 percent, over the fourth-quarter 2014 distribution. The distribution will be paid Feb. 12, 2016, to unitholders of record as of Feb. 4, 2016.
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