Magellan Midstream Partners L.P. ( MMP ) will begin trading ex-dividend on February 01, 2017. A cash dividend payment of $0.855 per share is scheduled to be paid on February 14, 2017. Shareholders who purchased MMP prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.15% increase over prior dividend payment.
The previous trading day's last sale of MMP was $79.83, representing a -2.12% decrease from the 52 week high of $81.56 and a 43.19% increase over the 52 week low of $55.75.
MMP is a part of the Energy sector, which includes companies such as Enterprise Products Partners L.P. ( EPD ) and Kinder Morgan, Inc. ( KMI ). MMP's current earnings per share, an indicator of a company's profitability, is $3.49. Zacks Investment Research reports MMP's forecasted earnings growth in 2016 as 4.21%, compared to an industry average of -.5%.
Interested in gaining exposure to MMP through an Exchange Traded Fund [ETF]?
The following ETF(s) have MMP as a top-10 holding:
- Guggenheim Mid-Cap Core ETF ( CZA ).
The top-performing ETF of this group is CZA with an increase of 4.96% over the last 100 days. It also has the highest percent weighting of MMP at 2.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.