What is the next ex-dividend date of MMP?
Dividend declarations often accompany earnings announcements. Existing shareholders receive the declaration information directly from the company, usually by a notice in the mail. Investing information websites regularly publish upcoming ex-dividend dates, along with the amount of the dividend.
Dividend declarations often accompany earnings announcements. Existing shareholders receive the declaration information directly from the company, usually by a notice in the mail. Investing information websites regularly publish upcoming ex-dividend dates, along with the amount of the dividend.
On September 25, 2023, ONEOK, Inc. (NYSE: OKE) acquired all of the outstanding common units of Magellan Midstream Partners, L.P. (MMP) in a cash and stock transaction. Common units of Magellan are no longer publicly traded.
MMP has a nice safe distribution that should continue to slowly rise. Growth in 2023 should be driven by tariff increases.
The dividend payout ratio for MMP is: 83.47% based on the trailing year of earnings.
The dividend calendar provides a day-to-day view of stocks which are going Ex-Dividend and which stocks will provide a pay-out to aid investors in projecting ownership requirements and income streams.
As noted above, the ex-date or ex-dividend date marks the cutoff point for a pending stock dividend. Some trading platforms, market data, and news services might add an XD modifier to the ticker symbol to show it is trading ex-dividend. If you buy a stock one day before the ex-dividend, you will get the dividend.
Magellan Midstream Partners currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Magellan Midstream Partners LP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
ONEOK, Inc.
OKE announced the completion of its previously announced acquisition of Magellan Midstream Partners, L.P. This $18.8-billion merger deal created one of the largest oil and natural gas pipeline companies in the United States.
What is the safest dividend stock?
| Ticker | Name | Dividend Safety |
|---|---|---|
| VZ | Verizon | Safe |
| T | AT&T | Borderline Safe |
| KMI | Kinder Morgan | Safe |
| WHR | Whirlpool | Borderline Safe |
Ratings - MMP
20 years of consecutive dividend increase. 0.9 beta (5Y monthly).
According to our current MMP stock forecast, the value of Magellan Midstream Partners LP shares will rise by 0.00% and reach $ 69.00 per share by March 15, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear).
What is the current P/E ratio of Magellan Midstream Partners LP (MMP)? The P/E ratio of Magellan Midstream Partners LP (MMP) is 13.80 times as on 22-Sep-2023, a -0.2% premium to its peers' median range of 17.22 times.
There are typically 4 dividends per year (excluding specials). Our premium tools have predicted Magellan Midstream Partners L.P. with 98% accuracy. Sign up for Magellan Midstream Partners L.P. and we'll email you the dividend information when they declare.
Healthy. A range of 35% to 55% is considered healthy and appropriate from a dividend investor's point of view. A company that is likely to distribute roughly half of its earnings as dividends means that the company is well established and a leader in its industry.
For some, cash dividends are a crucial for their retirement income; for others, it's just another source of return on the stock. Stock dividends have key dates that investors must understand otherwise they will miss out on payments. The three dates are the date of declaration, date of record, and date of payment.
Ans: Yes, as an investor, you can sell your shares on the ex-dividend date and still get the company's dividend.
There are four dates to know when it comes to companies' dividends: the declaration date, the ex-dividend date, the record date, and the payable date. On the ex-dividend date, stock prices typically decline by the amount of the dividend.
Regardless, if you'd like to sell your shares and still get the dividend, hold onto them until the Ex-Dividend Date. Sell on or after the Ex-Dividend Date and you'll still receive the dividend.
Should I buy before or after ex-dividend?
The stock price drops by the amount of the dividend on the ex-dividend date. Remember, the ex-dividend date is the day before the record date. If investors want to receive a stock's dividend, they have to buy shares of stock before the ex-dividend date.
Yes — Any sale that occurs on the ex-dividend date or later will exclude the pending dividend. You will still be the owner of record in the company books when they distribute the payment. So, if you sell a stock on the ex-dividend date, you will still get the dividend about two weeks later.
MMP Stock 12 Months Forecast
Based on 6 Wall Street analysts offering 12 month price targets for Magellan Midstream in the last 3 months. The average price target is $63.75 with a high forecast of $68.00 and a low forecast of $56.00. The average price target represents a -7.61% change from the last price of $69.00.
Largest North American Midstream Oil and Gas Companies by Market Cap (2022): Enbridge.
Investors have been selling the fund manager's shares after it released its latest funds under management (FUM) update. According to the release, the update reveals that Magellan's FUM took a major hit in September.
