This Is the Real Reason to Love High-Yielding Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) offers investors a robust 5.1% distribution yield. That's backed up by 17 years' worth of annual distribution increases. With the broader market offering up a yield of just 2% (or so), those two facts should draw your attention. But you have to dig a little deeper to see the real reason to love high-yielding Magellan Midstream Partners, L.P. over other oil and gas midstream partnerships.
Magellan's dividend record is impressive. But it isn't the most impressive in the midstream oil and natural gas industry. For example, industry giant Enterprise Products Partners L.P. (NYSE: EPD) has increased its distribution every year for 20 years. Likewise, Buckeye Partners, L.P. (NYSE: BPL) has done the same for 22 years.
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Source: Fool.com
Enterprise Products Partners L.p. Stock
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 €.
