Magellan Midstream Partners L.P. ( MMP ) will begin trading ex-dividend on April 27, 2017. A cash dividend payment of $0.873 per share is scheduled to be paid on May 15, 2017. Shareholders who purchased MMP prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.11% increase over prior dividend payment. At the current stock price of $76.1, the dividend yield is 4.59%.
The previous trading day's last sale of MMP was $76.1, representing a -6.93% decrease from the 52 week high of $81.77 and a 18.44% increase over the 52 week low of $64.25.
MMP is a part of the Energy sector, which includes companies such as Enbridge Inc ( ENB ) and Enterprise Products Partners L.P. ( EPD ). MMP's current earnings per share, an indicator of a company's profitability, is $3.51. Zacks Investment Research reports MMP's forecasted earnings growth in 2017 as 5.77%, compared to an industry average of 14.8%.
Interested in gaining exposure to MMP through an Exchange Traded Fund [ETF]?
The following ETF(s) have MMP as a top-10 holding:
The top-performing ETF of this group is CZA with an increase of 8.89% over the last 100 days. It also has the highest percent weighting of MMP at 1.87%.