**Overlooked High-Yield Dividend Stocks: MPLX and Omega Healthcare Investors**

In the expansive landscape of dividend-paying companies, many stocks offering high yields go unnoticed by investors. Among these are MPLX and Omega Healthcare Investors, two dividend stocks that provide impressive returns and are worth considering for those seeking passive income.

MPLX, a master limited partnership (MLP), has not caught as much attention as its peers, such as Energy Transfer and Enterprise Products Partners, despite boasting a significantly higher yield. Recently, MPLX increased its distribution by 12.5%, following 10% increases in both 2023 and 2022. In comparison, Enterprise Products Partners achieved a 5% distribution growth last year, and Energy Transfer aims for a 3%-5% annual growth.

MPLX’s growth is poised to continue with its forthcoming pipeline projects. The BANGL pipeline expansion is set for completion next year, and the Blackcomb and Rio Bravo pipelines are scheduled to be operational in the second half of 2026. Additionally, two new natural gas processing plants are under construction, expected to commence commercial service within the next two years. This strategic growth, bolstered by recent acquisitions, positions MPLX as an enticing option for investors comfortable with receiving a Schedule K-1 federal tax form.

Omega Healthcare Investors, a healthcare real estate investment trust (REIT), offers a 6.7% dividend yield, considerably higher than the average REIT yield of around 4%. While the dividend has not increased since 2019, Omega Healthcare has achieved a 7.1% compound annual dividend growth since it went public in 2003.

The REIT’s portfolio includes income-generating skilled nursing and assisted living facilities in the U.S. and U.K., leased to healthcare companies under long-term triple net agreements. Omega Healthcare’s investments in real estate loans backed by skilled nursing and senior housing properties ensure stable rental and interest income to support its high-yielding dividend. Recent investments include $440 million in the third quarter, which aids cash flow growth and helps maintain the high dividend yield.

Omega Healthcare’s current high dividend payout ratio of 95% has limited its ability to increase dividends. However, as the company’s cash flow per share rises, the dividend’s stability improves, potentially paving the way for future increases.

For investors focused on robust passive income, MPLX and Omega Healthcare Investors represent compelling opportunities with their high yields and steady growth. While these stocks may have been overlooked, their potential to generate substantial income warrants closer examination.