20 Great Dividend Paying Stocks
#7 Magellan Midstream Partners, L.P. (MMP)
Dividend Yield: 5.3%
Magellan Midstream Partners, L.P. is a great stock that pays an above average dividend with a total yield of 5.3%. The stock has a forward /E ratio of 17.5 and is on a 17 year dividend growth streak. The company is based in the Oil & Gas industry in the energy sector and is on a 17 year dividend growth streak. Magellan Midstream Partners makes money from transporting, storing, and distributing both crude oil and refined petroleum products. To the stock’s benefit, the company does not have any incentive distribution rights and retains all of its cash flow. Approximately 58% of the total profits come from the refined products business, and crude oil brings in 32%.
