If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Magellan Midstream Partners LP is 0.84, which seems too high.
Warning Sign:
Magellan Midstream Partners LP stock dividend yield is close to 5-year low.
During the past 12 months, Magellan Midstream Partners LP's average Dividends Per Share Growth Rate was 1.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 8.80% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Magellan Midstream Partners LP was 33.90% per year. The lowest was 1.00% per year. And the median was 11.40% per year.
For more information regarding to dividend, please check our Dividend Page.
Magellan Midstream Partners LP Dividends per Share Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Magellan Midstream Partners LP Dividends per Share Chart
Competitive Comparison of Magellan Midstream Partners LP's Dividends per Share
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Magellan Midstream Partners LP's Dividend Yield % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Dividend Yield % falls into.
Magellan Midstream Partners LP Dividends per Share Calculation
Dividends paid to per common share.
Magellan Midstream Partners LP (NYSE:MMP) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Magellan Midstream Partners LP's Dividend Payout Ratio for the quarter that ended in Jun. 2023 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Magellan Midstream Partners LP was 1.18. The lowest was 0.65. And the median was 0.92.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Magellan Midstream Partners LP is 0.84, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Magellan Midstream Partners LP Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 1.048000
2023-08-04
2023-08-07
2023-08-14
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Magellan Midstream Partners LP's Dividend Yield (%) for Today is calculated as
Current Share Price is $69.00.
Magellan Midstream Partners LP's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.048.
During the past 13 years, the highest Dividend Yield of Magellan Midstream Partners LP was 13.58%. The lowest was 2.60%. And the median was 5.22%.
Warning Sign:
Magellan Midstream Partners LP stock dividend yield is close to 5-year low.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Magellan Midstream Partners LP Dividends per Share Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP (Magellan Midstream Partners LP) Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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