Magellan Midstream Partners L.P Stock To Go Ex-dividend Monday (MMP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Magellan Midstream Partners L.P (NYSE: MMP) is Monday, May 6, 2013. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $53.10 as of 9:30 a.m. ET, the dividend yield is 3.9%.

The average volume for Magellan Midstream Partners L.P has been 588,500 shares per day over the past 30 days. Magellan Midstream Partners L.P has a market cap of $11.81 billion and is part of the basic materials sector and energy industry. Shares are up 21.5% year to date as of the close of trading on Thursday.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of petroleum products in the United States. The company has a P/E ratio of 27.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Magellan Midstream Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Magellan Midstream Partners L.P Ratings Report.

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