Magellan Midstream Partners, L.P. (NYSE:MMP)

it just plugs along with a nice dividend

Big moves comming soon!!

Great solid income producer with miles and miles of pipeline income.

good management and good distribtutions

toll booths

Delivery cost will decrease while margins will increase during this time frame.

You move the stuff. You take a cut.

Good income-generating investment should be popular with interest rates so low.

Positive Stock for the next few years

dividend growth

StockScouter: 8, Navellier: A, Zacks#2, div>5%

This has actually sat on my watchlist for exactly a year. If I had made the pick instead of watching it, I would be 33 points higher. I have to pay more attention to my watchlist and check out those companies just a little sooner.

Since it is a MLP it pays a good dividend. It has a strong history of dividend payout and has a realistic payout ratio. Company seems well manages and is growing. I think when dividends are included, MMP will definitely outperform the overall market. An investment in MMP ten years ago without touching it, would have a dividend yield of approximately forty percent.

I'm a big fan of income producing equities and have been wanting to learn more about master limited partnerships. They have to pass the majority of income through to partners, so the yields tend to be fairly high. I haven't done the research, so decided to pick one in CAPS to follow and, hopefully, get smarter.

Magellan Midstream Partners owns a petroleum pipeline network and an ammonia pipeline network, along with some marine and inland terminals and storage facilities. The partnership recently floated a debt issue to fund a purchase of petroleum pipeline assets and storage facilities from BP Pipelines. I don't know enough about the business to know if it's a good deal or not, but I'm guessing a unit of BP might not have been in the best position to command top dollar for assets when the deal was cut.

Annualizing the last distribution puts the yield on the units at about 6%. MMP has an excellent track record with those distributions, going back to 2001 there has never been a decrease in the distribution. Lots of increases, no decreases - excellent.

Why MMP? 5-star rating and a positive mention in a couple of Fool articles. If I'm going to learn about MLPs by following one, this seemed like as good a choice as any.

Disclosure: At time of posting, I have no financial interest in MMP.

No corporate tax? Limited capital expenditures? Collecting fees for owning a pipeline?

I'm in.

Good yield

Limited Partners ship high yield high PE. need to dig deeper

Energy distribution, it's like blood distribution system in human body - you can not live without it.

Well-managed company expanding its asset base in the midstream market. Holds solid position in key geographic markets in which it plays.