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So I was looking at my account statements and I see this column:

INCOME AND EXPENSE SUMMARY:
MLP DISTRIBUTION (reported by partnership) : THIS PERIOD $134  YEAR TO DATE $134

MLP image

But I don't even know what is MLP and I never do anything with it, so what is this mean ? Is it my income, or is it my expense. I read about MLP in many websites but it is too hard to understand. Thank you

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  • You bought shares in a publicly traded Partnership. And it distributed $134. What am I missing?
    – RonJohn
    Jan 27, 2021 at 5:34
  • I still don't understand, what do you mean by it "distributed $134" ? Do you mean my share is worth $134 ? Or do you mean they gave me $134 cash? Because I never received the $134 cash.
    – slllllllls
    Jan 27, 2021 at 5:36
  • merriam-webster.com/dictionary/distribution "the act or process of distributing" merriam-webster.com/dictionary/distribute "to divide among several or many : APPORTION" merriam-webster.com/dictionary/apportion "to divide and share out according to a plan"
    – RonJohn
    Jan 27, 2021 at 5:39
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    Thus, if you don't see the $134, that should be your question.
    – RonJohn
    Jan 27, 2021 at 5:42
  • Thank You, I understand now. So basically it means that MLP Distribution = Dividend. So I got $134 dollar dividend. They make it hard to understand, they should just say: Dividend = $134
    – slllllllls
    Jan 27, 2021 at 6:54

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