MMP Dividend Yield, History, and Stock Split

In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. Magellan Midstream Partners, L.P. is also among the companies that regularly pay dividends.

Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. MMP's annual dividend yield for the trailing 12 months is 6.11%.

MMP last paid dividends on Sep. 24, 2023, with the ex-dividend date being Sep. 19, 2023.

MMP stock split took place on Oct. 15, 2012.

Its last split took place on Oct. 15, 2012, when Magellan Midstream Partners, L.P. went through a 2 : 1 split leaving the shareholder with 2 share(s) who previously owned 1 MMP share(s).