Magellan Midstream Partners L.P. (MMP) Ex-Dividend Date Scheduled for February 04, 2013

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Magellan Midstream Partners L.P. ( MMP ) will begin trading ex-dividend on February 04, 2013. A cash dividend payment of $0.5 per share is scheduled to be paid on February 14, 2013. Shareholders who purchased MMP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.09% increase over the prior quarter.

The previous trading day's last sale of MMP was $49.55, representing a -0.56% decrease from the 52 week high of $49.83 and a 48.75% increase over the 52 week low of $33.31.

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 $1.73. Zacks Investment Research reports MMP's forecasted earnings growth in 2012 as 5.94%, compared to an industry average of 7%.

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 ).

The top-performing ETF of this group is AMLP with an increase of 4.83% over the last 100 days. It also has the highest percent weighting of MMP at 7.13%.



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 , EPD , MMP , NGG

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