WEB Announces 2023 Qualified Notice Changes and Dividend Updates
Effective January 1, 2023
Changes to Qualified Notices
WEB MPLX has announced changes to its qualified notice procedures in accordance with IRS regulations. These changes will impact the way unitholders receive certain tax information.
Dividend Updates
WEB is maintaining its high forward dividend yield and low forward PE ratio. The company generated $1,565 million in net cash provided by operating activities during the quarter, supporting the return of $33 billion to unitholders through distributions.
The board of directors has declared a quarterly cash distribution. Details of the distribution will be provided in an upcoming appendix.
Additional Information
Unitholders are encouraged to consult the appendix for additional information and reconciliations for Adj. EBITDA.
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