A High-Yield Stock Investors Can Count on. Considering that most dividend stocks pay less than four percent, a 6.2% annual yield should already be enough to get income investors’ attention. What’s even better is that this 6.2% yielder has been growing its payout on a very frequent basis...
I’m talking about Magellan Midstream Partners, L.P. (NYSE:MMP), a publicly traded oil pipeline, storage, and transportation partnership headquartered in Tulsa, Oklahoma. The partnership was spun off from Williams Companies Inc (NYSE:WMB) in 2001 as Williams Energy Partners and changed to its current name in 2003. Today, Magellan Midstream Partners, L.P. is one of the biggest players in America’s pipeline business.
Source: Income Investors
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