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On 5/5/11, Magellan Midstream Partners LP (NYSE:MMP) will trade ex-dividend, for its quarterly dividend of $0.77, payable on 5/13/11. As a percentage of MMP's recent stock price of $58.32, this dividend works out to approximately 1.32%.
Below is a dividend history chart for MMP, showing historical dividends prior to the most recent $0.77 declared by Magellan Midstream Partners LP:
MMP Dividend History
Date
Div*
02/03/11
0.758
11/03/10
0.745
08/04/10
0.733
05/05/10
0.720
01/29/10
0.710
11/04/09
0.710
08/05/09
0.710
05/01/09
0.710
05/01/09
0.710
02/04/09
0.710
11/05/08
0.703
08/04/08
0.688
05/02/08
0.673
02/04/08
0.658
10/30/07
0.644
08/02/07
0.630
05/04/07
0.616
02/01/07
0.603
11/03/06
0.590
08/02/06
0.578
05/04/06
0.565
01/26/06
0.553
10/31/05
0.531
08/01/05
0.498
05/03/05
0.480
02/04/05
0.457
10/29/04
0.445
07/30/04
0.435
04/29/04
0.425
02/04/04
0.415
10/30/03
0.405
07/30/03
0.390
05/01/03
0.375
01/29/03
0.362
10/31/02
0.350
08/01/02
0.338
04/30/02
0.306
01/30/02
0.295
10/30/01
0.289
07/31/01
0.281
04/27/01
0.146
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MMP is likely to continue, and whether the current estimated yield of 5.28% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, MMP makes up 1.18% of the Guggenheim Mid-Cap Core ETF (AMEX:CZA) which is trading lower by about 0.8% on the day Wednesday.
MMP operates in the Oil & Gas Equipment & Services sector, among companies like El Paso Corp. (NYSE:EP) which is down about 2% today, and Weatherford International, Ltd. (NYSE:WFT) trading lower by about 1.1%. Below is a three month price history chart comparing the stock performance of MMP, versus EP and WFT.
In Wednesday trading, Magellan Midstream Partners LP shares are currently off about 1.1% on the day.
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