Ex-Div Reminder for Magellan Midstream Partners (MMP)

Looking at the universe of stocks we cover at Dividend Channel, on 2/5/14, Magellan Midstream Partners LP ( MMP) will trade ex-dividend, for its quarterly dividend of $0.585, payable on 2/14/14. As a percentage of MMP's recent stock price of $66.89, this dividend works out to approximately 0.87%, so look for shares of Magellan Midstream Partners LP to trade 0.87% lower — all else being equal — when MMP shares open for trading on 2/5/14.

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Below is a dividend history chart for MMP, showing historical dividends prior to the most recent $0.585 declared by Magellan Midstream Partners LP:

MMP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MMP is likely to continue, and whether the current estimated yield of 3.50% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MMP shares, versus its 200 day moving average:

Magellan Midstream Partners LP 200 Day Moving Average Chart

Looking at the chart above, MMP's low point in its 52 week range is $47.22 per share, with $67.23 as the 52 week high point — that compares with a last trade of $67.23.

According to the ETF Finder at ETF Channel, MMP makes up 5.94% of the MLP ETF ( MLPA) which is trading higher by about 0.4% on the day Monday.

In Monday trading, Magellan Midstream Partners LP shares are currently up about 0.7% on the day.

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