Is MMP stock a good buy?
Out of 9 analysts, 2 (22.22%) are recommending MMP as a Strong Buy, 1 (11.11%) are recommending MMP as a Buy, 4 (44.44%) are recommending MMP as a Hold, 1 (11.11%) are recommending MMP as a Sell, and 1 (11.11%) are recommending MMP as a Strong Sell. What is MMP's earnings growth forecast for 2022-2024?
Is MMP a good company?
MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend.
Is MMP an ETF?
ONEOK affirms its 2022 financial guidance....ETFMMPPrice50.94Chg0.59 (1.17%)Vol553.36KOpen50.2410 more rows
Does MMP pay a dividend?
MMP pays a dividend of $4.14 per share. MMP's annual dividend yield is 8.13%. MAGELLAN MIDSTREAM PARTNERS's dividend is higher than the US industry average of 5.87%, and it is higher than the US market average of 3.34%.
Is MMP undervalued?
MMP yields just under 9% with 20 straight years of distribution growth. MMP is very undervalued at current prices and is trading at approximately 8.5x cash flows. MMP completed its $750M buyback authorization from 2020 and authorized an additional $750M available through 2024.
What kind of company is MMP?
About Magellan Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.
Is MMP a MLP?
Magellan Midstream Partners (NYSE:MMP) is an investment grade MLP with no IDR structure to suck profits from investors into the bank accounts of management.
What is the next ex dividend date for MMP?
MMP Dividend HistoryEx/EFF DATETYPECASH AMOUNT08/06/2020CASH$1.02805/07/2020CASH$1.02802/06/2020CASH$1.02811/06/2019CASH$1.0232 more rows
How often does MMP pay dividend?
4 dividends per yearThere are typically 4 dividends per year (excluding specials).
Does Magellan Fund pay dividends?
The Company has a Policy of paying Interim and Final Dividends of 90% to 95% of the underlying net profit after tax of the Group's funds management business, excluding any performance fees.