Forget Magellan Midstream Partners, L.P.: These 2 Stocks are Better Buys for Income Investors

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