A 6.2% Yield That Goes Up Every 3 Months

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

Related Articles:
- Are You Patient Enough To Be Wealthy? These 6 Dividend Stocks Will Help You Wait
- 5 Dividend Stocks With A Quick Payback
- 3 High-Rated Dividend Stocks With Above Target Returns
- 2 Dividend Stocks For Healthy and Wealthy Retirement
- 4 High-Yielding Utilities With A Growing Dividends