Magellan Midstream Partners L.P. (MMP) Ex-Dividend Date Scheduled for August 05, 2013

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Magellan Midstream Partners L.P. ( MMP ) will begin trading ex-dividend on August 05, 2013. A cash dividend payment of $0.5325 per share is scheduled to be paid on August 14, 2013. Shareholders who purchased MMP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.93% increase over the prior quarter. At the current stock price of $56.48, the dividend yield is 3.77%.

The previous trading day's last sale of MMP was $56.48, representing a -0.41% decrease from the 52 week high of $56.71 and a 46.13% increase over the 52 week low of $38.65.

MMP is a part of the Energy sector, which includes companies such as Enterprise Products Partners L.P. ( EPD ) and National Grid Transco, PLC ( NGG ). MMP's current earnings per share, an indicator of a company's profitability, is $2.08. Zacks Investment Research reports MMP's forecasted earnings growth in 2013 as 12.48%, compared to an industry average of .5%.

For more information on the declaration, record and payment dates, visit the MMP Dividend History page.

Interested in gaining exposure to MMP through an Exchange Traded Fund [ETF]?
The following ETF(s) have MMP as a top-10 holding:

  • Alerian MLP ETF ( AMLP )
  • Guggenheim Mid-Cap Core ETF ( CZA ).

The top-performing ETF of this group is CZA with an increase of 11.33% over the last 100 days. AMLP has the highest percent weighting of MMP at 7.09%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Stocks

Referenced Stocks: AMLP , CZA , EPD , MMP , NGG

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