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.

Image source: Getty Images.

Source: Fool.com