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MMP Magellan Midstream Partners dividend history, payout ratio & dates

Magellan Midstream Partners's most recent quarterly dividend was on Aug 4, 2022 (ex-date) with a cash dividend payment of $1.038 per share. On an annualized basis, the company has a current payout of $4.15 per share. This brings the dividend yield to 8.74% based on its recent close price. The latest dividend has decreased by $0, or 0% from the previous payment.

Key dates

  • MMP last dividend date: Aug 4, 2022
  • MMP next dividend date: Not announced
MMP dividend stats
DPS
$4.15
Dividend yield
8.59%
Payout ratio
88.9%
vs. Energy sector
Dividend yield
4.28%
Payout ratio
47.3%

Dividend yield

What is Magellan Midstream Partners current dividend yield

MMP has a dividend yield of 8.74% which is above the Energy sector, the industry and its peers average. If we compare it with its Energy sector average of 4.28%, Magellan Midstream Partners's dividend yield is 104% higher. Historically MMP's dividend yield has averaged at 7.7% in the last 5 years, which is less than the current yield.

Dividend history

What is MMP dividend payout history and dates

Magellan Midstream Partners has been paying dividends since 2001. MMP has issued four quarterly dividends in the last twelve months. The annualized DPS has an increase of 1% for the last year. But since the stock price has gone up by 3.9% from a year ago, the dividend yield has decreased by 2.8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 4, 2022 Aug 12, 2022 Jul 21, 2022 $1.038 normal
Apr 29, 2022 May 13, 2022 Apr 21, 2022 $1.038 normal
Feb 4, 2022 Feb 14, 2022 Jan 25, 2022 $1.038 normal
Nov 4, 2021 Nov 12, 2021 Oct 20, 2021 $1.038 normal
Aug 5, 2021 Aug 13, 2021 Jul 22, 2021 $1.028 normal
May 6, 2021 May 14, 2021 Apr 22, 2021 $1.028 normal
Feb 4, 2021 Feb 12, 2021 Jan 26, 2021 $1.028 normal
Nov 5, 2020 Nov 13, 2020 Oct 22, 2020 $1.028 normal
Aug 6, 2020 Aug 14, 2020 Jul 23, 2020 $1.028 normal
May 7, 2020 May 15, 2020 Apr 23, 2020 $1.028 normal
Feb 6, 2020 Feb 14, 2020 Jan 21, 2020 $1.028 normal
Nov 6, 2019 Nov 14, 2019 Oct 24, 2019 $1.02 normal
Aug 6, 2019 Aug 14, 2019 Jul 25, 2019 $1.013 normal
May 7, 2019 May 15, 2019 Apr 25, 2019 $1.005 normal
Feb 6, 2019 Feb 14, 2019 Jan 22, 2019 $0.998 normal
Nov 6, 2018 Nov 14, 2018 Oct 25, 2018 $0.978 normal
Aug 6, 2018 Aug 14, 2018 Jul 26, 2018 $0.958 normal
May 7, 2018 May 15, 2018 Apr 26, 2018 $0.938 normal
Feb 5, 2018 Feb 14, 2018 Jan 23, 2018 $0.92 normal
Nov 1, 2017 Nov 14, 2017 Oct 19, 2017 $0.905 normal
Jul 27, 2017 Aug 14, 2017 Jul 20, 2017 $0.89 normal
Apr 27, 2017 May 15, 2017 Apr 20, 2017 $0.873 normal
Feb 1, 2017 Feb 14, 2017 Jan 24, 2017 $0.855 normal
Oct 27, 2016 Nov 14, 2016 Oct 20, 2016 $0.838 normal
Jul 28, 2016 Aug 12, 2016 Jul 21, 2016 $0.82 normal
Apr 28, 2016 May 13, 2016 Apr 21, 2016 $0.803 normal
Feb 3, 2016 Feb 12, 2016 Jan 26, 2016 $0.785 normal

Magellan Midstream Partners dividend payout ratio

What is Magellan Midstream Partners dividend payout ratio compared to the sector

Payout ratio

MMP has a payout ratio of 88.9% which is higher than the Energy sector average but lower than the industry and its peers average. In comparison with the Energy sector average of 47.3%, Magellan Midstream Partners's payout ratio is 88% higher.

Total amount of dividends paid per financial year (from cash flow)

MMP dividend vs peer dividends

How does MMP dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NS NuStar Energy LP 11.46% $1.6 N/A
MPLX Mplx Lp 9.18% $2.82 89.8%
MMP Magellan Midstream Partners LP 8.59% $4.15 88.9%
HEP Holly Energy Partners Lp 8.18% $1.4 78.2%
DKL Delek Logistics Partners LP 7.48% $3.89 107.8%
GEL Genesis Energy Lp 6.33% $0.6 N/A

Frequently asked questions

Does Magellan Midstream Partners pay a dividend?

Yes, Magellan Midstream Partners has paid four dividends in the last 12 months. MMP has been paying dividends since 2001.

When is Magellan Midstream Partners's next dividend?

Currently MMP's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in November 2022.

When was MMP's last dividend?

Magellan Midstream Partners's last dividend ex-date was on Aug 4, 2022. The dividend amount was $1.038 per share.

How much dividend does Magellan Midstream Partners pay (per share)?

On an annual basis MMP pays $4.15 per share.

What is Magellan Midstream Partners's dividend yield?

Magellan Midstream Partners's current dividend yield is 8.74%.

How often does Magellan Midstream Partners pay dividends?

Magellan Midstream Partners pays dividends quarterly.

What is Magellan Midstream Partners's dividend payout ratio?

The dividend payout ratio of Magellan Midstream Partners is 88.9%.

Does Magellan Midstream Partners pay a good dividend?

Magellan Midstream Partners's dividend yield is more than the Energy sector average.