Computed head-to-head · 6 dimensions
MPLX vs OKE
MPLX LP versus ONEOK, Inc. — yield, safety, growth trend, cost, scale, and tax treatment.
MPLX wins 2–1 on our six-dimension comparison, but OKE can still be the better fit depending on your priorities — see each dimension below.
MPLX wins this comparison 2–1 across 6 dimensions. MPLX yields 7.37% — higher than OKE's 4.73% — and carries a 5.2/10 dividend safety score (Mixed) vs 6.8/10 for OKE (Solid). MPLX wins 2–1 on our six-dimension comparison, but OKE can still be the better fit depending on your priorities — see each dimension below.
On yield alone, MPLX generates 7.37% vs 4.73% — a 2.64% difference that translates to $2,640 more per year on a $100,000 investment. On dividend safety, OKE scores 6.8/10 (Solid) vs 5.2/10 (Mixed) for MPLX — investors prioritizing income reliability should weight that gap alongside the yield difference.
Scorecard at a glance
| Dimension | MPLX | OKE | Winner |
|---|---|---|---|
| Yield | 7.37% | 4.73% | MPLX wins |
| Dividend safety | 5.2/10 | 6.8/10 | OKE wins |
| Growth trend | -0.73% vs 5y | -0.77% vs 5y | Tie |
| Volatility (beta) | 0.46 | 0.76 | MPLX wins |
| Scale | $59.3B | $57.0B | Tie |
| Tax efficiency | Qualified-eligible | Qualified-eligible | Tie |
| Overall | 2 wins | 1 wins | MPLX wins |
Dimension by dimension
MPLX wins on yield (7.37% vs 4.73%)
On a $10,000 investment that's about $264 more in annual dividend income before taxes — though higher yield often comes with higher risk.
MPLX's higher yield (7.37%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus OKE's 4.73% — especially if the higher yield is driven by covered calls or a falling share price.
OKE wins on safety (6.8/10 vs 5.2/10)
Our score combines yield zone, payout ratio, trend vs 5-year average, instrument type, and size. OKE scores better on the weighted average of those factors.
OKE (6.8/10) scores 1.6 points higher than MPLX (5.2/10). A higher safety score means lower historical indicators of dividend cut risk — payout ratio, yield zone, and trend all factor in.
Yield trends are similar
Both tickers' current yields sit close to their 5-year averages, suggesting comparable dividend-vs-price trajectories.
MPLX is less volatile (beta 0.46 vs 0.76)
Lower beta means smaller swings vs the S&P 500 — generally a steadier hold for income investors.
Comparable scale ($59.3B vs $57.0B)
Within 1.5x of each other on market cap / AUM — similar institutional footprint.
Both pay qualified-dividend-eligible distributions
Neither is structurally flagged for ordinary-income tax treatment. Most distributions should qualify for the lower long-term capital gains rate if holding-period requirements are met.
How we compare these
Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.
This is educational, not investment advice.Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.
Frequently asked
Which is better for income, MPLX or OKE?
MPLX wins 2–1 on our six-dimension comparison, but OKE can still be the better fit depending on your priorities — see each dimension below.
MPLX vs OKE: which has a higher dividend yield?
MPLX yields 7.37% and OKE yields 4.73%. On a $10,000 investment that's about $264 more in annual dividend income before taxes — though higher yield often comes with higher risk.
Is MPLX or OKE a safer dividend in 2026?
MPLX scores 5.2/10 (Mixed) on the Infnits dividend safety scale. OKE scores 6.8/10 (Solid). OKE is the safer pick on our scoring model.
Which has better dividend growth, MPLX or OKE?
Both tickers' current yields sit close to their 5-year averages, suggesting comparable dividend-vs-price trajectories.
MPLX vs OKE: which is more tax-efficient?
Neither is structurally flagged for ordinary-income tax treatment. Most distributions should qualify for the lower long-term capital gains rate if holding-period requirements are met.
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