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Magellan Midstream Partners LP Message Board

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  • c_h_a_r_t_n_y c_h_a_r_t_n_y Feb 25, 2006 11:38 AM Flag

    I bought this recently

    Re to: ARB
    Not on this topic but this might be of interst.

    10/30/01 , 5.7% , 5.3%
    1/30/02 , 6.1% , 5.3%
    4/30/02 , 6.0% , 5.7%
    8/1/02 , 8.3% , 5.8%
    10/31/02 , 8.4% , 7.4%
    1/29/03 , 8.2% , 7.8%
    5/1/03 , 7.1% , 6.9%
    7/30/03 , 6.7% , 6.2%
    10/30/03 , 6.8% , 6.3%
    2/4/04 , 6.6% , 5.9%
    4/29/04 , 6.5% , 6.0%
    7/30/04 , 6.5% , 6.2%
    10/29/04 , 6.4% , 6.2%
    2/4/05 , 5.9% , 5.7%
    5/3/05 , 6.1% , 5.5%
    8/1/05 , 5.7% , 5.4%
    10/31/05 , 6.3% , 5.7%
    1/26/06 , 6.9% , 6.3%

    This is for MMP and the columns are the highest and lowest yield in each quarter ending with the date shown. Dates are date Dist. is paid.

    As far as unit prices falling with rising interest rates, (fed short term rates) it is hard to see. Not much change since mid 2003.

    Of course there were some high yields in the 2002 period, but the stock market was in a nose dive and drug many MLP's down, even though they should not have been. (lower unit price = higher yield)

    And if you want to buy low = yield 6.7% or better we are there now.

    My yield is 7.1% as I did a bit of careful watching. Based on this quarter, the highest yield day was 7.2%. My buy date = 2-10-06.

    Have a nice weekend.

    -chart-

    ps I do not type those numbers, I let XL do the math, then copy and paste special in word, find and replace the tab with space,space and copy and past into my message. Hope no one thinks I am that bored, and free of mis-typing, or just plain errors.

 
MMP
73.51+2.68(+3.78%)Jul 2 4:04 PMEDT