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Magellan Midstream Partners LP Message Board

  • c_h_a_r_t_n_y c_h_a_r_t_n_y Mar 27, 2006 8:53 AM Flag

    Growth Value MMP

    07/31/01 , 0.2815 , 15.27 , 7.4%
    10/31/01 , 0.2890 , 20.00 , 5.8%
    01/30/02 , 0.2950 , 21.08 , 5.6%
    04/30/02 , 0.3065 , 19.82 , 6.2%
    08/01/02 , 0.3375 , 16.54 , 8.2%
    10/31/02 , 0.3500 , 16.21 , 8.6%
    01/29/03 , 0.3625 , 17.28 , 8.4%
    05/01/03 , 0.3750 , 19.60 , 7.7%
    07/30/03 , 0.3900 , 23.87 , 6.5%
    10/30/03 , 0.4050 , 23.68 , 6.8%
    02/04/04 , 0.4150 , 25.41 , 6.5%
    04/29/04 , 0.4250 , 26.88 , 6.3%
    07/30/04 , 0.4350 , 26.13 , 6.7%
    10/29/04 , 0.4450 , 27.29 , 6.5%
    02/04/05 , 0.4565 , 30.65 , 6.0%
    05/03/05 , 0.4800 , 31.60 , 6.1%
    08/01/05 , 0.4980 , 33.81 , 5.9%
    10/31/05 , 0.5310 , 33.52 , 6.3%
    01/26/06 , 0.5530 , 32.47 , 6.8%

    The first col is ExDate
    Next col is distribution
    Next col is average unit price for the prior 30 days.
    Last col is annualized Yield based on that data.

    Point is: as dist goes up, unit price follows.
    Growth wins by double.
    Your payout grows.
    your capital grows.

    For those tempted by higher static yield, zero growth equity, remember, your distribtuions shrink with inflation, your capital shrinks with inflation.

    Just some logic based on data.

    -chart-

    ps I own 6 growing MLP's
    NO shrinkers.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The announcement should be coming out any day now. Your guesstimates are likely pretty close. Looks like a lot of other MLP's are paying on May 15th, so I'd bet on that date or right around there. I'd be guessing ex-div is April 28th at the earliest.

    • Thanks, c h a r t n y, for the data.

      Today MMP's closing price was $33.13. The last 4 distributions totaled $2.062, which gives a yield of 6.2%. I bought shares/units in 2003 and my cost per unit is $18.49. In effect, my current yield (2.062/18.49) is 11%. The 79% rise in unit price has been welcome too. That is why I hold MMP.

      Cheers, harmoja

    • Nice data . Care to share your list of MLPs ? I'd be interested and I think some others here would also.And again ,great research.

      • 1 Reply to drewpf
      • Re to drew
        "Care to share your list of MLPs ?"
        I am only interested in Pipelines as I think they are most safe. I am a retired low risk investor, looking for income stream. I only have those pipelines 5 years or more on my list. The column after the ticker is a straight line trend line, best fit for distribution growth over the last 8 quarters.

        ETP , 25.6%
        APL , 16.0%
        MMP , 16.0%
        PAA , 11.2%
        KMP , 9.2%
        EPD , 8.8%
        BPL , 7.1%

        The next down that list is TPP @ 1.2% growth, with one move in the last 8 quarters.

        I own the top 6 on this list. I sold BPL to get one of the better players, I do not remember which. I sold TPP when I realized they had quit growing. I was late to the party in recognizing that and resolve to not let it happen again.

        My style of investing is suited for my needs and personality, others should create their own. Just share my thoughts here.

        Happy investing.

        -chart-

 
MMP
81.468+0.068(+0.08%)10:07 AMEST

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