Forget Magellan Midstream Partners, L.P.: These 2 Stocks are Better Buys for Income Investors
Magellan Midstream Partners, L.P. (NYSE: MMP) is a very well run midstream partnership. But if you are looking to maximize your income today, you might want to consider Enterprise Products Partners L.P. (NYSE: EPD) and Holly Energy Partners, L.P. (NYSE: HEP). Both serve the oil and natural gas industry, are continuing to grow their distributions, and, perhaps most important, offer higher yields than Magellan.
Magellan offers investors a robust 5.5% distribution yield today. It has increased its distribution for 17 consecutive years, and the average annualized distribution increase over the past decade was an impressive 11%. These are all great stats if you are an income investor.
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Source: Fool.com
Enterprise Products Partners L.p. Stock
€15.02
-0.130%
With 19 Buy predictions and not the single Sell prediction the community is currently very high on Enterprise Products Partners L.p..
With a target price of 30 € there is a hugely positive potential of 99.68% for Enterprise Products Partners L.p. compared to the current price of 15.02 €.
